Reply to High income but 3 kids in college at once- financial aid

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[quote=Anonymous][quote=Anonymous]OP - out of curiosity, I just entered our info into the Princeton net price calculator because I have heard that Princeton has amazing financial aid.  We have an income of 365,000.  If we had 3 kids in college at the same time (and I accounted for $150K in 529 plan) it found that as parents our would expected family contribution would be $36,300 (it also found the expected contribution for the fictional student at $3500) and that we would be qualified for 36K in financial aid.

I am not saying that your children will go to Princeton, but some of the elite colleges with large endowments have amazing financial aid.[/quote]

That's what the calculator tells you. Which doesn't mean it's what will actually happen even if the kid gets into Princeton. I'm always a little skeptical about these claims of generous financial aid even for high earning families (and 300k is high earning enough) because in real life I'm more likely to read about kids taking out loans to go to Ivies. Just off my head I remember this article in the Baltimore Sun featuring a Columbia student and she had sizable loans and her family were certainly not wealthy. [/quote]

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