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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][quote=Anonymous]Run a couple of calculators at schools of interest, make sure to include a couple (Emory is one) that include your full home equity as well as others that include it only over it 2x income. Most also include your 401k assets. Assuming you own your home and have some retirement savings quitting your job may not make that much of a difference. My guess is when both kids are in college at the same time you will get some aid but you should expect to pay a significant portion of your kids college costs. [/quote] That makes sense that equity is included. I'm sort of surprised retirement income would ever be included. [b]Seems cruel to make families choose between paying for kids' education and being able to retire.[/b][/quote] Welcome to the college madness. [/quote]
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