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College and University Discussion
Reply to "FA Question: Inherited house, now worth $1M, now what? "
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[quote=Anonymous]"This just blows me away. I did it, and granted we have a good income (250K per year), but I was curious. And they are saying that our expected famiy contribution is $59K per year. How on earth do they figure that?! (FWIW we do have a well funded 529 account, I'm just making this observation -- private college is impossible for many people who have decent incomes.) " Well, our HHI is considerably less than yours but more than the OP. When I run the numbers thru these calculators, there seems to be a consistent 30% HHI result. Pretty steep if you ask me. [/quote]
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