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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We’re you not making over $150,000 until very recently? If you didn’t want to save for college, then you either need to take parent plus loans or look at less expensive schools. [/quote]

No, we’ve been making quite a bit more than this for some time. We have clearly underfunded our 529. Too late to fix it now and, honestly, we didn’t realize until just a year or two ago that many colleges don’t offer merit-only-based scholarships. There must also be a demonstrated financial need. DH grew up dirt poor and received a full scholarship to a T20 school and then a full ride after through to a Ph.D. I went to a cheap in-state school.

But…we ran multiple college financial aid net price calculators and even with our below-par 529 balances, we’re told our net price is whatever the college charges and that our affordability is more than double the actual $80K cost. So, sure seems like the colleges think we can easily afford to send our kids there. Just wondering what levers they’re expecting us to pull?[/quote]

They’re expecting that a two parent family who both graduated from college (one from a T20 school) and are making more than 400k a year would be savvy enough to be aware of/research current tuition costs far in advance, recognize that they have 0 chance of getting aid for a top tier school and start saving  accordingly early on.  Our HHI is roughly half of yours and we have managed to amass significantly larger college funds for our tweens, because it’s a priority for us. Why on earth do you think your children should be entitled to a subsidized education because you deliberately chose to spend your money elsewhere? The good news is that at your income, unlike 99% of Americans, you could in fact cash flow the tuition. It would just require you to make cutbacks elsewhere in your budget.[/quote]

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