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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If you’re middle of the road, you don’t get much. [/quote]

We are middle of the road income. Paid approximately $100,000 for an ivy degree. Of that amount, I subtract room and board.  Less than half went to tuition. [/quote]
What do you consider middle of the road income?[/quote]

$150,000[/quote]
Wow, what year did you pay $25K / year at an Ivy? My EFC was a lot higher, yet income wasn't much more.

Suspect I may be dinged for having modest house paid off and driving old cars that are paid off and worth nothing. Not sure they care that I am paying tuition for younger kids' private school, either, though they do ask if I will be paying college tuition for anyone else. [/quote]

You must have had assets - investment, house equity, etc. [/quote]

I think people are jarred by EFC not because they don't have the money, but because they didn't expect to be asked to spend it. I get it, it's a sticker shock, but if you don't want to spend down the assets you have, you can't expect to send your kids to a college that isn't otherwise a compromise. [/quote]

I get this on one level.  At the same time though, this has been a key part of our retirement strategy, that is assets in non-retirement accounts. It does feel unfair that a family that has more income but less assets is expected pay less than a family that has less income but more assets because we will not be able to replace those assets in the same way that a higher income family will be able to build their assets.[/quote]
Right. Seems to reward consumerism. Guess I should have vacationed more and bought that SUV like everyone else did. [/quote]

Except that’s really not how it works.  Assets up the EFC at about 6%, income is more like 50%.  [/quote]

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