Disadvantage of kid #1

mom2collegekids
Fri, 20 Apr 2012 15:36:27 +0000

*> I think you’ve forgotten that Child #2’s costs will go up once Child #1 graduates.

No, I haven’t forgotten that. Kid #1 will likely go to graduate school, but how that works with financial aid is a subject for a different thread …

*

Well, maybe not. Since you’re concerned about staying within your $240k budget. Many schools don’t take grad students into acct because many grad programs are funded. At that point, your concern will be how Child #2’s school will consider a grad student.

And, even if a school will give “some” consideration to having a grad student who isn’t getting funding, I don’t think they treat that child the same as an undergrad…because the system has really been devised with the philosophy that parents pay for undergrad, not grad school.