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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Wellesley actually offers generous financial aid even to wealthier households. Have you run the NPC for that school? They use the CSS and take more into account than FAFSA.[/quote]

Not for us. We now make too much. But, that was not always the case and that is not considered. We have no generational money. No parent support. We had loans of our own. We now make a very comfortable salary but that is a recent development and one that does not allow us to pay $70-80K / year without basically directing all of our income to school (at least for 2 of the years) and travel expenses getting to /from.[/quote]

We were in a similar situation a few years ago. Kid ended up getting recruited to a target school (meaning his stats were towards the top) and getting some merit. We are able to fund it with a combination of 529 (had $130 saved at his high school grad) and making up the rest as we go. Did he get to go NESCAC like he wanted? Nope, but close enough and more affordable (although $58k a year is still a pinch)[/quote]

OP- jumping off of the quoted post…why can’t you take some of your new income and cash flow some of her college education? You’re in a good position of knowing how to live at a lower income. The new higher income should be considered gravy when it comes to your DD’s education. Go for a safety, get some merit, and cash flow what you have to. Win-win[/quote]

They did cash flow and use "their new income".  However, they made a choice to attend the target school instead of the NESCAC and save a bit of money ($20-22K/year).  Smart choice IMO.  They already stretched as much as they saw fit and their kid is at a good university getting an education.  Unless you have the $$$ saved, I'd argue it is NOT really worth it to go into debt for an elite university.  But if you choose to, then do it without complaining.  It's your choice, but was not your only good choice.  Anyone who can get into an elite university could choose to go elsewhere and get merit.  They might do that to save money for grad school---which is a very smart choice IMO.

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