Reply to No financial aid for middle class at public college???

Forum Index » College and University Discussion

Reply to "No financial aid for middle class at public college???"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]Let me see if I have this straight . . .

[b]Last year, when you made $200,000, you had saved a total of $50,000 in 529 plans, and had just finished paying off your own education loans.  At that time, you had twin 8th graders and a first grader.  You also decided to buy a house at a price level that requires that "all that money [on a $200,000 salary] goes to the mortgage."

And you're asking how other families manage?  They make different decisions, for a long time. But you decided to take on a long-term debt that chews up most of your income just 5 years before you have two (!!) kids going into college, without the savings required to pay for their schooling.[/b]

I'm not sure what you're looking for here, or why you are acting like this is unexpected.

But, all of the suggestions other have made are the right ones - CC, ROTC, substantial loans, schools with significant aid.  Also, you need to stop taking your kids as freshman (!!) to look at schools, and tell them - now - what the situation is, and if they want to go someplace more expensive, they need to do the work to get the aid.

And don't leave your youngest out of the planning.  [/quote]

This.  [b]We are almost $500k HHI[/b] and still staying in our starter home so we can save heavily in two 529s for our two children.  [b]We did the math and we can’t save for retirement, 529s and pay for childcare AND a large mortgage at the same time.[/b]  [/quote]

[img]https://upload.wikimedia.org/wikipedia/commons/c/c0/Talk_to_the_hand.jpg[/img][/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics