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College and University Discussion
Reply to "Top Colleges Are Cheaper Than You Think (Unless You’re Rich)"
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[quote=Anonymous]It's not all doom and gloom for donut hole families. We had HHI of 220k in 2016 (for current FAFSA form) w 2 kids in HS in VA. Senior D is receiving $11k in financial aid from UChicago plus $2k/yr for National Merit and another one time $2k from a local scholarship so our net cost this coming year is $60k. We have $90k saved in each kids 529 plan. So our out of pocket after withdrawing $25k will be $35k this coming year which is doable. I'm anticipating increased financial aid when both kids overlap in college for 2 years. We'll have to tighten our belts for the next few years (no new car purchases and less expensive vacations) but we anticipate being able to fund 2 private colleges without crippling our family finances. Granted it would be easier if 2nd D stayed in state but doable either way. [/quote]
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