Reply to Financial aid for net HHI of $150K

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Reply to "Financial aid for net HHI of $150K - $200K?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Thanks for this information. Yes, our net income after taxes only is about $200K. Other deductions like retirement contributions, health insurance, etc. account for about $50,000, so our net take-home income is about $150,000.

Do schools adjust the parent contribution amount differently than what is shown on the Family Contribution Report that we see to account for cost of living in high-cost areas, etc.?[/quote]

$150, you can comfortably to afford to pay.[/quote]

I wish we could comfortably afford to pay, but paying $80K - $100K+ for 2 kids out of $150K (or even $200K) net income wouldn't leave much left for living and other expenses in this expensive area unfortunately.[/quote]

Then it sounds like you either  need to reduce your expenses or go public.  We make $160-180K and have paid $20-30K for private.  We live in a house you'd never consider and only vacation every few years.  We also have plenty for activities, retirement and college fund.  [/quote]

Yes, we could also afford $20K - $30K, but over $80K would be challenging. We are not big spenders at all and we also do not live in a big, fancy house. Our house is small and simple. Staying in public will require us to move, which is also an option.[/quote]

No, we could as we saved for college early on and almost have our house paid off by making it a priority.  You don’t have to move for public.   You choose to.  [/quote]

Let's just agree that we all have different life experiences, obligations, priorities, circumstances, etc. and we shouldn't make assumptions about others. We also prioritize saving as much as possible and we do the best we can with what we have. We are comfortable and do not live a fancy life. We also have major medical expenses, so that doesn't help our situation. Yes, many people choose to move for better school options if they are able to do so.[/quote]

With major medical expenses that should be far more of a qualifier for financial aid than someone else who owns multiple houses and travels/spends a lot.  We have done both private and public.  You make the best of any school you are at, especially public and you can always supplement.[/quote]

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