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College and University Discussion
Reply to "I’m really surprised how many people don’t save for college"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I plan to be retired when my first gets to college age. Not really saving specifically for college. Will also not have much funds in liquid accounts. Net worth would be in real estate. Income when Retired will be 40k, so we should get a good financial aid package. 2 kids 2 years apart.[/quote] I know a guy who got to go to college for free because his single mom got laid off right before he went to college. The timing worked out well. Because his mom’s income was 0, his tuition was 0 and he was a RA and housing was also free. If the mom got a new job, I’m sure they would have had to take out a lot of loans.[/quote] Exactly. If you know what financial aid need calculation is based on, it is somewhat easy to work it to your advantage. When my kid is 16, all my funds will be in retirement accounts or real estate or low annual pension. We will be low income and need financial aid even net worth should be around 3.5M.[/quote]l Happy with that, you cheater? Don’t be so smug. The most elite colleges - with their proprietary aid formulas and CSS profiles - see right through those games. [/quote] Hahaha +1 Esp CSS gets down to the nitty-gritty [/quote]
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