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[quote=Anonymous][quote=Anonymous]I hear you. We have a higher AGI than this but lower assets (renters, no home ownership). We decided to tell our son upfront that there was a whole band of schools we could not afford that would also almost certainly not give him any aid, and it was sad. Still is sad. So far he's only visited that are in-state affordable or known for giving lots of merit scholarships. It means several schools we know would be perfect for him are off the table from the get-go. We don't make enough to pay full price for two kids . . . and we make too much to get need-based aid. [/quote]

You did the right thing as painful as setting realistic expectations can be. It is difficult because young people often chase a dream (a good thing) and their self image gets caught up in it all when the dreams look achievable. I come from single mother drug and alcohol addiction driven poverty. As a result I promised my two they could go anywhere - unfortunately a commitment that was as much about me as it was for them. Full pay at Princeton a struggle, but did it with no debt. I had a decent salary but better investment strategy. Started off as a futures trader in Chicago in my early 20’s and invested it all.  I don’t think the value of the Ivy Keague was great but no matter - doing what I said I would do counted. And setting those expectations is key. I applaud you for doing so. [/quote]

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