Reply to Do you worry about being able to pay for college?

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[quote=Anonymous]We make too much for need-based aid, but we haven't been making these salaries for very long, so we don't have just tons and tons of college savings.

We've given the kids a number, and any college they go to has to come in under that number. Most of the cost will come out of current income, with some from college savings and modest loans. I don't want the kids crushed by loans, but I think it's a good idea for them to have some skin in the game.

Our eldest has one more year before college, and her top college choices come in well under her number once likely merit aid is factored in. There are two more kids to go after her, though.

The important thing for us is to manage expectations early in the process. That means discussing money and looking carefully at net price calculators when the kids are just starting to think about what schools interest them.

We don't necessarily rule out schools that are expensive, but there has to be a possibility of merit aid because $60+ is just not doable for us. I'd rather rule out a school early in the process than have my child fall in love with a school, get in, and not be able to attend because of cost.

We'll see how it all works out. Some days I think we'll be okay; some days not.[/quote]

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