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]People will give you all different scenarios about who will get what amount aid or not get any aid. You're not going to know until you apply. Every school is different and has different budgets for financial aid.

Our kid goes to an expensive private and we are the only family in our friend group who even applied because everyone assumes they will not get anything so they just don't apply to the schools at all.

We got about 1/3 off. So, yes, we still pay, but we're comfortable with what we're paying vs. the alternative of moving, losing the low interest rate on our mortgage, and uprooting our kids. We are also dedicated to staying in DC vs. moving to the suburbs.

No one can tell you what you will or won't get. If you have assets you will pay something. If you have assets and you're wondering if you will get a full ride, the answer is likely no--but you could be surprised at how much you do get.

If you are able/willing to pay $1000/$1500/$2000/$2500/$3000 a month you should apply and see what happens.  [/quote]

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