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Reply to "How much do you put into your kids' 529 (college fund) annually?"
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[quote=Anonymous][quote=Anonymous]Just wondering for all these people that went to college "for free" - scholarships, etc. - how much were your parents making? I know for me, living in the DC area with 2 gov't employee parents, we didn't qualify for ANY need-based aid. Most of the very best schools weren't offering merit-only aid. So it was either pay full-tuition at a good school or go to a mediocre school with some merit aid. I would imagine that if the financial aid landscape has not changed too much, many DC area dual income families make too much to qualify for need-based aid. So I guess you are counting on your kids getting merit aid?[/quote] All 3 of the kids in my family went to college for free. Both of my elder siblings went to West Point. I went to a state university on a full academic scholarship (merit not need based). The only scholarships I was offered for college were merit--my parents made too much money for me to qualify for anything need based. But I was part of the one of the smallest graduating class of the 90s nationally, so things were very different than they are now and there was a lot less competition. (I wasn't one of the "my kids will go for free" people, but I thought I'd chime in anyway.) [/quote]
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