Reply to How much can we afford to contribute?

Forum Index » Private & Independent Schools

Reply to "How much can we afford to contribute?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]How much in college savings are they looking at? We have 3 kids, no cash savings, but the kids have 529s (just abt $60k each).

No aid for us I assume?[/quote]

What is your income and expenses?   It sounds like you cannot afford on in private let alone three.  [/quote]

$300k+ HHI One paid off car, $3000 mortgage, house is worth $600k[/quote]

$300k plus?  Personally I hope not, but I don’t know.[/quote]

You want aid with that much income? [/quote]

PP had 3 kids.  With one kid, def not tho [/quote]

Even with 3.  I get that it would be very hard to afford 3…. But most people cannot afford private school.  It seems like a crazy income bracket to qualify for aid.[/quote]

So they're supposed to pay $165K out of $300K pre-tax?
Lol.
So let's say they take home $200K (which is about reality on a $300K income).  Then they live off $35K and pay $165K to the school?  
[/quote]

My sense at our school is that they would not offer aid for kid1 or kid2, but then when kid 3 applied they might offer aid.

At that income they could pay for 2 lower school tuitions, and maybe up to $100K in tuition for 3. Yes, it’s tight but the point is that private school is a luxury and they are picking this luxury over other ones. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics