I am an upper middle class rising high school senior whose family is struggling with the expected contribution outlined by the FASFA. I am interested in studying at a rigorous private university that will provide a place for me to grow academically. I have the academics to be competitive when applying to Every school’s net price calculator expects my family’s contribution to exceed full price ($80,000) and offers me no financial aid. The cost estimators expect my family to pay full price at these schools, however, full price exceeds half of my family’s yearly income.
I believe the issue is my parents have lived very frugally and saved well throughout their careers. However despite these savings, it is not financially responsible for me to attend a school at full price as that would use a significant portion of there savings. I am very grateful for my parents financial security, but I am struggling to navigate the college application process as any private university is financially unattainable.
What are others suggestions / experiences with this financial predicament?