Reply to FAFSA - is middle-class waste time applying?

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[quote=Anonymous]To the OP- private college is mostly around 85-90K/year, not 70.  Just want to level set.

To sum up.  The beauty of living in this country is the choices that we have.  With those choices come responsibilities.

The schools and government will only come in to lower the price of attendance when it meets their public policy goals.  So, strong FA for schools that can afford it through their big endowments given to the kids that they want to educate raised by families that cannot “afford it” based on the school’s measure.  Governments (state and federal) help provide lower cost options and less expensive aid or grants for families that qualify.

The rest is on us.  Our children are not entitled to a luxury education for free, just like they are not entitled to other luxuries we may have chosen to give them.

HHI around 400K, in our mid-late 50s, we are feds so wasn’t always this high but have been over $300K/year for a while.  Have saved around 40K/year per child, we have two.  One attending a school that costs 85K year with a $20K/year merit scholarship and we are cash-flowing the difference.

If we could not afford to cashflow, DC had an option that was $35K/year.  Had the best option cost us more we would have found a way to work the finances.

We are lucky to have these choices and we have also chosen to enjoy life.  We clearly could have saved the entire cost of attendance ahead of time if that was our family’s priority.

This is in no way a complaint and I am not saying that this is easy for all.  It is, however, better than many alternatives.

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