Reply to What money is fair game for financial aid?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We have 2.5million in assets and close to retirement, you can say we have the money but it would be financially irresponsible to spend 40k for each of our 3 kids.  However, the tops schools think we can afford to pay without aids based on our assets[/quote]

You can "afford it" but you choose to have three kids and spend your money in other ways vs. saving.  You should have considered this when you bought your house, vacations and all that stuff.  So, your kids got to state school for take out loans.  Or, other options.  I don't get the three kid excuse.  You should have stopped at two.[/quote]

Why are you assuming people have big house and fancy vacations? We bought a 380k house,  never spend more than $5000/year on vacation, driving 14 and 16 year old cars, rarely dined out and saved 2.5 million which includes retirements! [/quote]

Didn't your financial planner tell you to save for college 20 years ago?  Didn't they tell you to open a 529?[/quote]

When did I ever say We saved nothing? We have saved for can afford in-state 30k per/year/kid. But definitely not the 80k top colleges dispute what the EFC says[/quote]

The EFC works the same for all of us.  If the EFC says that's what you can afford, that is what you can afford.  You can choose not to pay it.  But all the other kids at those colleges use the exact same calculation as you.

Why would you expect your bill to be less than the rest of us?  [/quote]

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