<p>After reading through information on financial aid, I’m very concerned what my son’s offer is going to be. He applied early action to MIT/Caltech/UChicago. We’ve heard that these are fairly generous when it comes to financial aid.</p>
<p>I’ve been saving for his education for the past 10 years, and I encouraged him to get a part-time job his sophomore year of high school. In any case, we have enough to pay for about 2 years of school outright, but it’ll cost me most of my retirement and rainy day fund to do so. </p>
<p>What should I do if we don’t enough financial aid? I mean, I feel like I would have been better off salting away my money under my matress. I worked and I worked, but I cost myself money for financial aid. If I hadn’t worked, I could probably expect us to get enough financial aid to pay for four years of school. I think he should be able to get into one of these schools early, and he really wants to go to all of them, but I think finances are going to keep him from his dreams?</p>