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College and University Discussion
Reply to "Am I screwing us over for financial aid?"
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[quote=Anonymous][quote=Anonymous]I have a B student who is a sophomore in college right now. We had saved 200K in 529 and we make 350K. I was surprised that the mid-tier, non competitive schools she applied to all offered her aid, bringing total costs from roughly 80K to 40-50K. Had she been an A student she would have been offered more. However, I'm talking about private schools out of the top 100 - really outside of the top 150. My impression is that there would have been less aide available at more competitive schools (even had she been an A+ student). It does sound like you're in a grind situation, and that kind of sucks. But I don't think 150K in savings would have been enough. But partially it depends on what kind of private (how competitive to get in) and what kind of student your kids are. But there's a lot of quality time with kids that happens in high school - is there a middle ground between big law and legal writing? My gut tells me you were right to grind up, but might have gone too far up. [/quote] This is interesting and helpful. thank you.[/quote]
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