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College and University Discussion
Reply to "High income but 3 kids in college at once- financial aid"
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[quote=Anonymous][quote=Anonymous]Our HHI hovers around 100k in the DC area. And never has been much above that and sometimes much lower. All we get are loans and work/study for a public in state school that costs $40k total cost of attendance. It sometimes seems to me that high income people have an inflated view of all the fabulous financial aid people with middle class incomes are getting. We received 3500 subsidized loans and 2000 unsubsidized loans and 1900 federal work study. Our next child starts school in 4 years so we don't have an overlap. [b]Having multiples in school at the same time can present a cash flow problem, but it doesn't alter the net cost of educating your children so the solutions are tax advantaged savings vehicles and loans to help cash flow.[/b] [/quote] Under FAFSA, there are significant advantages to having kids in college at the same time. If you get no aid, then of course it doesn’t matter. [/quote]
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