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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Our expected financial contribution, per FAFSA, will be about $43k, leaving us about $20k per year short for HYP.

Actually, even $43k is too rich for my blood. We will have enough saved to pay about $33k per year for DC1, currently a junior. That would mean we would have to borrow $120k to make HYP a reality for one child.

Since there is no way on god's green earth we are borrowing that kind of money to send one child to college, we have pretty much eliminated HYP and any private or public OOS college that offers only financial aid. Regardless of their grades/scores/record, our children will go in-state public or second-tier private with merit aid.[/quote]

I'm missing something here.  HYP are committed to meeting full need which means that your child would pay $43K a year there.  You'd cover $33K, your kid could presumably earn some money in the summer or part time, let's say $5K, that leaves $20K in loans max.  Where are you getting the other $100K from?[/quote]

You're right, I misspoke. We would need to borrow less per kid at a school that meets full need, but most schools that meet full need do so with a combo of grants, work study, and student loans. So if one of my DCs gets $20k in financial aid, it is likely to be, say, $5k in student loan, $2k in work study, and $13k in grant. We would still need to borrow $10k, for a combined $15k per year, $60k for 4 years, $120k for my two kids. Too rich for my blood.

List of schools that meet 100% need and whether they include loans in the financial aid package:

http://www.collegegreenlight.com/blog/colleges-that-meet-100-of-student-financial-need/[/quote]

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