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College and University Discussion
Reply to "Parents giving up custody of their kids to get need based financial aid "
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[quote=Anonymous][quote]You can actually do a lot with 180K. Plus, at the very elite institutions your kid would still qualify for aid.[/quote] According to the net price calculators, this is only true if you have not saved anything for your kid's college or contributed to your 401k in the year that's the base year and your kid hasn't earned any money of their own. Maybe the net price calculators are wrong but I've run a ton of them at that salary level hoping that our kid would get a grant from one of them. We sacrificed to save, and when I add in those savings, the calculations change from a small grant to nothing. One question I have is what we can do to actually make college more affordable for everyone? How can Americans change this system so that people's opportunities are not as limited as they are today? [/quote]
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