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[quote=Anonymous][quote=Anonymous][quote=Anonymous]As a spinoff of this thread, how much are people actually paying for college?

We make about $170K and hadn't saved very much for college - in large part because both kids (ages 20 and 15) went to private school (the older went just for high school, the younger went for middle and is now in high school).

Our kid goes to a "meets full demonstrated need" school and our bill for next year - including tuition and room/board is about $25K. Books, spending money, etc., are on top of that, which he pays from earnings from jobs during summer and at school.

We're paying that $25K pretty much out of current earnings. It's tight sometimes (especially paying about $15K for private school) but we make it work. Are there schools out there that are leaving families with big gaps between the Expected Family Contribution and the amount of financial aid they offer?[/quote]

It doesn't matter what others are paying.  It matters what you are paying.  You should not expect financial aid if you put both kids in private and choose not to save.  For college, your kids will have to take out loans.[/quote]

LOL. I’m the one who posted this and maybe you missed the part where I said we’re now paying for college out of current earnings. Yes, my kid goes to a school with good financial aid so loans aren’t part of his FA package, but my sense is that many schools have good FA, which is why I asked what price people are actually paying. To people criticizing my choice to pay for private school, I say “Why?” We are working the parameters of the system to pay as we go and get our kids an excellent education. Doing well at an excellent private school has prepared my kid to do well in college and helped him get into a good school with generous financial aid. But I also wonder how many people posting here are actually familiar with the reality of today’s financial aid landscape and how many are just scolding others for not saving as much $ as they think they should [/quote]

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