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Thank you so much for all your replies! WOW, this is the place to get answers I see. The last reply mentions IRA's/401K's , they do not take the balance of that into consideration -do they????? We soon will have 6 kids, so 5 still at home when this oldest son goes to college. Husband generally makes about $50,000 a year, with about $3,000 a year going to 401K for us. We have about $30,000 in 401K now at our ages (in 40's). I definetley will not consider a school that uses CCS as our house & property is worth a nice chunk (we own land) and being rather low income, that would just not work for us. We don't make much, but are Extremely frugal with our money, are debt free with a 6th kid on the way -with money saved in the bank. I really don't want to be penalized because we saved when others spend lavishly-if you know what I mean. We drive cars that are almost 20 yrs old with husband fixing them himself- just to save for a rainy day, Roof needing replaired, what not. I really did not want to get my son a Car for College, if we don't have too. He wants to go to a place that is only 35 miles from home, so we could get him on the weekends. It is just a state school, nothing elaborate. That is what he wants. I did one of those calculators the other day, it had some questions I did not understand how to answer, so not sure it I got correct results, but sounded like we would have to pay about $1,800 for Family contribution. Does this sound right? After this, they offer work study (I want him to get this!!), loans (you pay back --it is better to get those in his name or ours???) and grants (free $$). Thanks so much for all of your help!
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