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Reply to "Finacial aid at 350K HHI with high mortgages and nanny"
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[quote=Anonymous]So much about financial aid is unfair. We have always had a relatively modest HHI by DCUM standards (no more than $150-160K), but still have managed to save for retirement and college by not living extravagantly. Thanks to many years of saving (and a few bull markets), we have enough in our accounts that I doubt we'll ever qualify for financial aid. Instead, when the kids get to college, we will be taking a $50-60k a year hit to our savings, while those who had much higher incomes over the years but lived high on the hog will be paying a lot less. I feel more comfortable knowing that we have planned for our future, but I still resent that my tuition has been pushed higher in part to allow for aid to those who have been totally irresponsible with their spending.[/quote]
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