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sblake7 Senior Member

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  • TheExile
    sblake: $150,000 - appx $75,000 in taxes of various kinds = $75,000. Tuition at private HS for two children = $30,000. Mortgage payment on a small house in an average neighborhood = $50,000. Already the $150,000 is gone and parent is in the red by $5,000. Add car payments, gas, groceries, medical care, dental care. . . You must be insane if you think $150,000 gets you anything. Remember, and you said it, THIS parent will be paying not just for his own kids, but for the children of so many others (as he already does by paying for everyone else's kids in public schools).

    mpv13--many ivies will foot the bill to 100% if needed. Again, the wealthy will be paying for those who are not wealthy. It is a private form of taxation, really. So thank the bankers, doctors, lawyers, and others who are paying everyone else's way in the Socialist reality of ours.
    December 2009
  • m_p_v_13
    Do you know a good financial planner who knows the institutional financial aid rules?
    My daughter will probably get accepted at an Ivy. We don't have high income, but considerable savings outside of ira/401k. Also some money in daughter's name.

    September 2009