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[quote=Anonymous]You will not get financial aid on that HHI.

In-state cost of attendance is 30K a year at UMD and UVA (some programs like engineering might cost more).

The small liberal arts colleges we looked at cost around 77-80K a year.

The university my son chose to attend this fall is 85K a year. He received significant merit aid due to sky-high gpa and test scores, but it's still more than double the cost of in-state. Since we can afford it, we allowed him to not attend his state U.

OP, it doesn't stop there. To get the good grades and high test scores, some families need to pay for tutoring. Those shiny extra-curriculars on the college admission applications aren't free. The ones most likely to garner interest are regional or national-level competitive activities, so then you get into paying for private coaches and training to be able to participate at those high levels. Sometimes kids need to start very young to be on the track to achieve X by high school.

So if you decide not to do all that, then you need to ask yourself: "is college what I want for my kids, and how am I going to afford it?". Because it is now IMPOSSIBLE to work your way into college, and with a 400HHI, you will be laughed out of financial aid.

Either your children are exceptionally academic and have a 4.8 weighted GPA, 15 AP courses, 5s on every AP exam, and perfect SATs without costing you a dime (rare, but it happens). And then you get aid that makes middle of the road colleges affordable.

Or you send your kids to community college and have them transfer to State U and pay less.

Or you abandon college altogether.

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