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[quote=Anonymous][quote=Anonymous]We have an HHI a bit under $200k but [b]our house has gone up in value from $600k when we bought it to nearly $1M[/b], so we are donut hole and very much unlikely to get aid in a couple years, and W&M is one that DC is currently quite interested in (in 10th, so things could change). It’s a little scary, honestly. [/quote]

So you also have $400k in equity you can borrow against!

I saved $5K a year per kid starting when they were born and together we made $125K a year, I took what we got back from our daycare flexible savings account and just put it in college savings. Now I have about $120K per kid, which will cover most of UVA or W&M or any VA college, so about $30K per year. I can cover most of the rest from cash flow, and if I had to take out $25K or so in home equity to pay for senior year--whatever!

I can't imagine complaining about having hundreds of thousands in income and hundreds of thousand in equity and worrying about coming up with $40-50K a year for college. Sheesh. [/quote]

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