Disadvantage of kid #1

cptofthehouse
Fri, 20 Apr 2012 17:06:41 +0000

Why would the second child’s options be better than the first child’s? When it comes for time for the second child’s college, he will go where ever you can afford to pay. Would you be able to pay for a $60K a year school for him? Such a school, if it guarantees to meet full need will expect you to pay 60% of what would be expected were he the only one in college PLUS it will adjust for what the first one is getting in merit. These PROFLIE schools go for the filling in your teeth when it comes to defining what your contribution should be. Unless you have an EFC of zero, it’s not as though it’s going to make a huge difference. in aid, and even then, it’s just the PELL that is cash money. The rest is loans and whatever a school might have, and FAFSA only schools do not tend to be generous.

Take it from a number of members here who have had multiples in college.