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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP, you can't determine what you will pay by income alone. At some elite schools that don't consider home equity, an income of $200-250K may give some aid. Our income is $219K. For our family, Duke was a no-go, our EFC was $65K. He wanted to apply even though we checked the NPC, which ended up being accurate. But Stanford is $44K plus our son is expected to contribute $3K per year (no loans offered) for a total of $47K (EFC). We told him our cap was $45 per year for any school. Anything above that he would have to take out a subsidized Stafford loan ($5500), merit, and/or work PT. He got no financial aid from OOS public schools, only merit. He didn't apply to any public that wasn't known to give merit or was above $50K OOS/in-state.

We have 401ks, modest savings, stocks/investments under $20K, 529 to contribute $20K per year, and 500K+ home equity. We plan to cash flow for the remaining balance. We didn't start making more than $150K until he started 8th grade. [/quote]

Where did all your money go?  The house>  I don't get where all your savings/investments went.[/quote]

Both of us had student loans until 5 years ago. Prioritized 401ks and putting some money in 529. Purchased a house late (we rented until our kid was in middle school) and needed to use most of our savings for a 20% downpayment/465K mortgage. House appreciated quickly in the last 7 years. No family help and didn't make over 150 HHI until fairly recently. [/quote]

All my numbers are very similar to yours, except I’ll have a lot less equity. I think you’re doing great and have obviously made some smart choices. It’s a different situation if you’ve been making 200k for 20 years or 5 years.  People don’t always get that.  [/quote]'

I  don't get not living  in your means  and saving.    We made much less and  seemed  to  save.[/quote]

Everyone’s circumstances are different.

Also, some people (not myself) are philosophically opposed to paying for the entire degree in cash because if the kid drops out or fails classes, it costs the kid nothing, then. [/quote]

You have a really poor view of your kids.   With loans it does not give them an incentive to be more responsible and if they are not something went wrong long before college years.

You have to save from the start and make it a priority.  [/quote]

WOW. I hope your life goes perfectly and you never have a car accident, a cancer diagnosis, a flood, a job loss or any other issues.

You truly do not have a clue. [/quote]

I do have long term health issues which is why it was more, not less of a priority to save.   [b]We will pay for a state school and grad school.  [/b][/quote]

Very few people can do that. [/quote]

+1.  Law school can be as much as $105k a year now.[/quote]

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