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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]op, my household makes 110k but used to make more like ninety and we currently have sixty thousand saved for our ninth grader and sixty five thousand saved for our tenth grader. Which we are now realizing isn’t enough. We are going to have each kid go instate, take the maximum of 5k per year of loans, and tighten our belts and cash flow the rest.

The fact that you have saved so little while making 400k and assumed your kids would get scholarships to cover much of the costs is just insane. Why should YOUR kids get scholarships to places like Cornell?[/quote]

Unlike OP, your kids are well positioned to get financial aid so I wouldn’t write off non state options. Congrats on saving so much relative to your hhi and best wishes for your kids![/quote]

Thank you. Surprisingly, our expected family contribution, when we enter into net calculators in CSS, is usually somewhere between 38 and 45k per kid. Meaning we have to come up with that much on our own per year, and then get an aid package which might be partial loans for the rest.

In state we only get a few hundred dollars, so basically nothing. Since state school is a little less than thirty thousand, it’s cheaper. We can’t cash flow enough to pay for the css schools. So that’s an extra almost one hundred thousand a year for the kids to go private. I don’t think we can or should take on that amount in parent plus loans.

I am surprised it’s not more, to be honest but oh well.[/quote]

Something seems off here PP.  do you have an extra home or substantial assets or something?

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