We normally have a HHI of $190K. Our 2 kids go to private (tuition total approx $26K - 10 months). We also will have a 3rd in daycare in the fall with tuition approx $16800 year. Our school is generally very good with financial aid and we expected to get a break in tuition. However, DH just lost his job, so now our HHI is only $100K, although he's getting severance for a few months.
Obviously, we hope and are pretty confident that he will have a new job by the fall, but I am filling out the financial aid forms now and they want to know how much we can pay. I am lost for where to start. Without DH's income, it really doesnt seem like we can pay anything!
Our expenses are as follows:
Mortgage: $2100
Student loans: $800
Utilities/life insurance: $650
Food/household: $1000
Gas + auto insurance: $250
Misc (clothes, prescriptions, activities): $650
I really dont want to put down that we can pay nothing, but I cant seem to figure out where we have any room at all.
HELP!