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[quote=Anonymous][quote=Anonymous][quote=Anonymous]What's wrong with UVA/W&M/VTech?[/quote]

Nothing except that they are full-feight, which is what OP will have to pay at $43k at year (W&M). They won't get financial aid and merit is unlikely unless they snag a rare scholarship like the Jefferson at UVA. Since they have no savings, they will have to fund out of income which means taxable income so will have to make $70 to pay $43k x 2 kids. That's $70 x 8 years = $640k - for public school in VA

We were in the same situation with two kids at GMU and UVA at the same time and had saved since birth. Those saved funds went to pay
for SN private schools and tutors. We filed  FAFSA but got nothing but both kids took out the $5500 per year unsubsidized student loans but that's a drop in the bucket. We also had elder care financial draining savings. In the end we refinanced to finish the youngesg kid at UVA. We should have done Parent Plus loans but didn't know about them at the time. Yes, grandparents helped.

And that's assuming the kids are accepted. UVA and W&M in particular have become very difficult to get into even with top scores.

OP, be upfront with your kids - UVA has a fantastic guarantee transfer program to all of its 4 year institutions via community college. That is, realistically, your only option.

And before those who haven't been through the process say "apply for independent loans!" we did. 15 of them. And both kids had goods, one was top in her high school class. [/quote]

I'm 09:48 with one kid at Tech/W&M/UVA on a HHI similar to OP's HHI. OP mentioned applying for scholarships. Private scholarships are another option, and OP's kids should be working on that as a part-time job. There is an incredible amount of scholarship money available in the DMV. You just have to get organized and get thorough, well-written applications submitted (after getting thorough, well-written college applications submitted). It's a part-time job, though, and requires a considerable amount of research to find the scholarships.

So, we had $100K saved, and need to pay roughly $40K/year. DC won $15K/year in scholarships, and we now pay only $25K/year. It was well worth the time DC spent on these scholarship applications. [/quote]

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