Reply to If you "lost" in the lottery at 6th grade, where did your kid end up?

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Reply to "If you "lost" in the lottery at 6th grade, where did your kid end up?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Why not apply to private and apply for financial aid? The private schools give out a lot more aid than I think people realize. You may have to pay something but you could be surprised about how much. [/quote]

OP here. Would love to hear more about this. We attended a financial aid webinar for an expensive private but they are so vague about who qualifies. We have a lot of equity in our house, investments, 401k, kid's college savings account that I assume we wouldn't be eligible but not a high income.[/quote]

Just apply and then see what they give you. Usually under $300k HHI gets financial aid, but I don't know if things are changing with the economy.

If I were you I would apply to maybe 3 private schools, lottery for all the best public middles, and then see how it shakes out in the spring. Likely you will have at least one option... If you have zero options, move to MD or VA before 6th grade.

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Not true.  Under 300k with any assets will likely not get you financial aid.  If lucky some small negligee amount.[/quote]

Not OP but what is the threshold? We are at 140k. Own a condo but still owe a lot, some retirement funds but mostly in a pension. Less than 20k in 529. One child.

Do you think we'd get anything? Enough to make the sacrifice worth it?[/quote]

You absolutely would. I used to work at a DC private school and have friends in admin at others in the area. You would 100 percent get financial aid.

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(maybe it would cover half the tuition).[/quote]

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