Reply to Coming to Terms with Full Pay

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[quote=Anonymous][quote=Anonymous]So I started checking the net price calculators. We are both feds and have been for 20-plus years, with plenty of promotions. Own our little rowhouse. Almost paid off. 20 years of TSP. 2 kids, strictly DCPS. Old car, limited spending, lots of savings. No medical bills.

We’re gonna be at max for ability to pay even though we aren’t living in champagne and caviar. Right?

I just need to count my blessings right? We’ve had stability and ability to pay even if we aren’t living high on the hog. People with more precarious lives deserve the lower price. Right?

I guess merit aid is possible - first kid did great on PSAT. But we’re still likely to just pay full freight even then because if he applies to a reach school EA or ED we’ll say yes, right?[/quote]

I am right there with you.  Double senior fed, DCPS, high performing kids.

One is at a LAC with some merit.  We will see where the second goes, if she gets her ED we will be full pay private.  We will be fine and our kids will graduate without debt.

We should feel lucky.  We have a nice house in NWDC with the best of DCPS, short commutes and an idyllic neighborhood for raising families.  We bought over 20 years ago.  Young feds today are priced out of our neighborhood.

With regard to whether people with lower incomes deserve merit, for the most part yes, college is outrageously expensive and I don’t want kids from lower income families coming out of college buried in debt.  There are always stories about families that play the game of spending not saving and lowering their incomes for the years that count for college.  I am sure there are some, but really that is hard to do.  There are a lot of people living with a lot of debt in this country to keep up appearances, I wouldn’t trade lives with them.

My sister’s son went to private college with financial aid which kept the price to what it would have cost to send him to their state flagship.  Both she and my nephew worked hard to ensure that he could graduate without debt (her ex husband did not pay his fair share which made it even harder).  That was even tighter financially for them than full pay will be for us.  I am so grateful that aid was there to help with his education.  [/quote]

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