Reply to Our EFC is 500,000????

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Some schools merit scholarships still require FAFSA be completed.  Got an even higher number when we did ours.  Kid chose a different school with no merit.  Never filling out a FAFSA again (unless the younger one is in the same position).  [/quote]
+1  I told DC go in state.  We get zilch.  Our EFC was something really high, too, not as high as OP's though.

I'm not paying $70k per year. We are UMC but we are trying to save fore retirement and another DC's college fund.  College costs are insane.[/quote]

Same here. DH and I both graduated from Va public universities in the late 80’s/early 90’s when tuition, fees, and room & board totaled around $10K/year. Now, those same schools are closer to $30k-$40k. We told our kids that VA has a lot of public options and if they want private or OOS, they will need loans.

[/quote]

Cheapskate. [/quote]

I am cheap, but also very smart.

Paying more for something doesn’t make it any better. 
[/quote]

Congrats! You won a lifetime resentment award from your kid!![/quote]

Nope. My kids are smart enough to know that a higher price doesn’t equal a better education. There’s no reason for a good student who lives in VA to go OOS, unless they are looking to get far away from home[/quote]

There are plenty of OOS schools that can match or beat the price of VA public options. Saying "in state only" is dumb. Saying our budget = what an in-state school would cost makes sense. Then it's on the kid to search for schools that can fit the budget. FWIW, My DD applied to several OOS public and private schools. All ended up cheaper for us than William & Mary, the only in-state public she was really interested in. She's going to a private LAC that will cost us about the same as Virginia Tech.[/quote]

That’s great, but did the OOS school guarantee renewal of the aid package for all 4 years? I’ve heard stories of students learning that they have to pay a lot more after freshman year due to not meeting certain requirements like GPA, number of credits, or program of study.[/quote]

Most merit aid packages have gpa and minimum hour requirements. They are made clear when the student accepts the aid. [/quote]

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