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Reply to "Speculate please - cost of college 18 years from now"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote]It's crazy. Our EFC is $150,000 per YEAR with a $430,000 income. That's just not right.[/quote] What's not right is that one would feel that it is some kind of hardship to live on 280K per year.[/quote] Another person who doesn't understand the high tax bracket and disallowance of exemptions issues.[/quote] Another person who needs to quit bitching about how hard it is to be rich.[/quote] That's a lot of money, but be honest, not enough to pay $150K after taxes unless all of the rest of the life is structured around cutting costs to pay for schools.[/quote] Please stop making all high income people look ridiculous. You have 18 years to save for college. If you make $430k/year, you should be able to do this easily. We give generously to our alma maters do that they can give out money to students who need it. Your children don't come close to that group, and if I found out my alma mater was giving need based awards to someone like your child, I would stop my contributions. [/quote] It's not like we've made this much for 18 years. At any rate, sorry to draw the ire of everyone, but it just shows how ridiculous the EFC calculation has become.[/quote]
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