Reply to Do families with $250K in income get financial aid? If not, how do they afford college?

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Reply to "Do families with $250K in income get financial aid? If not, how do they afford college?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Question says it all. I have been hearing all of my friends who are federal government workers saying their kids are not eligible for financial aid. But I don't think this is enough $ in income to afford $70K in college costs per kid per year. And it's not as though these families had extra income before their kids went to college - in this area, a mortgage, saving for retirement, and cost of raising kids will eat up all of that income. Where does the extra $ come from if they don't get financial aid?[/quote]

My kids aren’t in schools that cost $70000 per year. One is enrolled in a mid level state school at instate tuition rate. The other is enrolled in a midlevel LAC that gives substantial merit aid. I’m paying about $13000 pe etc year per kid, including room and board. It’s paining not impossible. I gave them a 5 year limit to complete undergrad.

This is the best strategy for our family. One is looking at law school and one is looking at med school. They don’t need undergrad loans to go with the grad loans, and I would like to retire without a lot of debt. [/quote]

13,000 per year for tuition, room and board is amazing. SUNY for the universities is about 28,000 per year for tuition, fees room and board. [/quote]

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