Reply to Sister's husband has $0 in college fund for my nephews

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]

I agree with all this.  There are solid options for kids who don't have family money.[/quote]

BIL actually makes decent money. I'd est. $130K per year, which is far too much for kids to get any Pell Grant, etc. funding. And they don't save, they're on tilt - leased cars, no equity in house, credit cards have been declined when we've been out.[/quote]

No, they are miles away from Pell Grants, which--given how paltry Pells are and how poor you have to be to qualify for them--is a GOOD thing. Come on, OP.

$130k with four kids will likely mean pretty good financial aid, especially if there is no equity in the house.[/quote]

Good aid at Harvard. Not at like Virginia Tech, which would cost the kids $22,000 a year. They have no comprehension of this.[/quote]

so what is it you want? It sounds like you are right--they might not get aid at VT, and you know they don't have $22k.

BUT YOU HAVE IT. Isn't that what you are telling us? Why won't you answer this question? Will you or won't you pay?[/quote]

In your hypo, we'd pay for VTech if they were prepared and accepted. It's HIGHLY unlikely they'll be prepared with the way things are; hence my offer for SAT prep course and a math tutor.[/quote]

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