Disadvantage of kid #1

nskifan
Fri, 20 Apr 2012 18:20:10 +0000

Would you be able to pay for a $60K a year school for kid #2? Such a school, if it guarantees to meet full need will expect you to pay 60% …



No, but I could pay $30K ($50K EFC * 60%) Note: kid #1s tuition is about $30 a year.

Let me ask another question. What has been the experience of need-based aid being reduced once an older sibling has graduated? If my EFC is $50K and kid #2 gets $20K in need-based aid, then do colleges really stop giving the full $20K once kid #1 graduates? Has something like this happen to anyone?