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College and University Discussion
Reply to "Rice tuition announcement"
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[quote=Anonymous]I've been doing the math on this. I currently earn $77,000 and my husband $50,000. So HHI of $127,000. I've been looking into increasing my salary by getting a Master's degree but the bump would be about $4,000. If I get that bump we'd be at $131,000. With kids who are two and four years away from college, I was thinking I should do everything I can to increase my salary, but for financial aid purposes it seems that a lot of aid goes away at about the $125,000 - $130,000 level. (We have "average" assets for the DC area. Home worth $300K and non taxable retirement savings.) I've been looking at financial aid assistance at several schools and it seems like there's a big difference right around our income level. It might make sense for me to go to working just 80% of the time if only for financial aid?[/quote]
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