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[quote=Anonymous][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]

Gotta look at the whole financial picture - not just college for your kids.

What would a higher salary mean to your retirement? Does your employer match what you put in your retirement plan? Even if they do not, you could put all of your salary increase into your retirement and it would be not considered as a college-tuition asset.

Conversely how is your retirement savings hurt if you lose 20% of your income? [/quote]

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