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Reply to "Does everyone on here with kids applying to top 50 schools really have the $80K per year to spend?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]These schools may not offer merit aid, but they all offer need based aid and many are need blind. What's the issue?[/quote] Because donut hole families in high cost areas are screwed!! Their kid can get into Ivies, Hopkins, etc., but will have to be full pay at $85-90k because at $175k HHI they aren’t considered in need. $360k for each kids’ undergrad is not doable without major loans even with $150k in each 529. In fact, the asserts and 529 count against them too.[/quote] 1/3 savings, 1/3 cash flow, 1/3 debt. You can afford it. [/quote] stupid to go into debt for the vast majority of colleges.[/quote]
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