Reply to FAFSA says we can pay $90K; should we have applied for FA?

Forum Index » College and University Discussion

Reply to "FAFSA says we can pay $90K; should we have applied for FA? "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Just curious, at what HHI did they determine that you could pay $99K?[/quote]

We make just north of $200k and have a $56k EFC as one data point. [/quote]

Ugh, sounds just like us.  So discouraging.  What are they thinking?  $56K per year?  [/quote]

Actually, I don't have a problem with it.  It isn't supposed to come out of cash flow.  It is a known expense and we have had almost 20 years to save for it.   We can definitely afford it.  [/quote]

Actually, since the EFC is calculated primarily on income, as opposed to savings, one could be forgiven for thinking it *is* supposed to come out of cash flow. You can have a million dollars socked away in a retirement account, and that doesn't get counted at all in calculating EFC. But if you make $200k in Northern VA (on two incomes), you are supposed to pony up one-quarter of annual gross income on college tuition. #notgonnahappen

No worries, VA has great in-state options. But if you've ever wondered why so many TJ grads are going to UVA instead of the Ivy League....this is why.[/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