Reply to FA for 200k HHI

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It depends on your assets and the school. Our HHI is 211k and we pay 41k per year for college. We have a FA grant of 46ish thousand. [/quote]

How’d you get that? I assumed income like $211k is full pay. [/quote]

I just ran Bowdoin's NPC with a 200k income and got a 40k grant [/quote]

I am not the one who posted the Bowdoin example but was about to respond with those exact numbers! Our kid is a junior at Bowdoin and we get a $40,000 grant with our income of $200,000. They have a nice endowment and made decision to go to no-loan. They also give each student a brand new lap top and provide $6,000 to cover non-paid summer internships. We did not know all of this when they got into Bowdoin but feel very lucky that he landed there. Ignore the people saying you won't qualify for anything. Make a spread sheet of all the schools on your kid's list. Run the NPC. Talk to financial aid folks. And create a school list that has realistic mix of schools including those that have merit aid or allow your kid to stack scholarships. [/quote]

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