Reply to Top Colleges Are Cheaper Than You Think (Unless You’re Rich)

Forum Index » College and University Discussion

Reply to "Top Colleges Are Cheaper Than You Think (Unless You’re Rich)"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It's not all doom and gloom for donut hole families.

We had HHI of 220k in 2016 (for current FAFSA form) w 2 kids in HS in VA.  Senior D is receiving $11k in financial aid from UChicago plus $2k/yr for National Merit and another one time $2k from a local scholarship so our [b]net cost this coming year is $60k.[/b]  We have $90k saved in each kids 529 plan.  So our [b]out of pocket after withdrawing $25k will be $35k this coming year [/b]which is doable.  I'm anticipating increased financial aid when both kids overlap in college for 2 years.  We'll have to tighten our belts for the next few years (no new car purchases and less expensive vacations) but we anticipate being able to fund 2 private colleges without crippling our family finances.   Granted it would be easier if 2nd D stayed in state but doable either way.  [/quote]

Is this supposed to be positive?[/quote]

Seriously!  That sounds nuts to me.[/quote]

35k on a 220k income and assuming decent liquid savings doesn't seem to be "nuts".  [/quote]

I'm the poster w/220k HHI.  Exactly.  We are budgeting taking about $15k out of long term savings and paying $10k this summer and another $10k early next year.  We will likely be able lower the out of pocket by keeping our D on our health insurance rather than paying for UChicago's and spending less than the budgeted $2k on books and $5.5k on personal expenses and travel.  So our out of pocket may be closer to $30k.[/quote]

NP.  we have a 220hhi and we are paying $33k right now between preschool costs and tutoring for elementary schooler with dyslexia.  This doesn't include what we are also putting into 529s for 3 kids.  Of course we have some tax relief through maxing HCFSA (tutoring for LD is an allowed expense) and DCFSA.  It's tight but doable.

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics