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College and University Discussion
Reply to "Do families with $250K in income get financial aid? If not, how do they afford college?"
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[quote=trippy]You know personally if a family is making $250k a year, id hope they have a financial advisor and started a college fund early on. When applying to colleges it is super important for parents to talk to their children about money in general - setting expectations, budget, if they will help in tuition and if so how much can they cover. Then going more in depth once they've been accepted - is it required to stay on campus for the first year, if its close to home do they live at home, or rent an place close to the college (just so many factors). I hope there are no parents allowing their kids to apply to only colleges that are out of simply out of budget since it won't help setting them up for success for finance in their adulthood. Sadly college debt is huge here. [/quote]
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