Financial Aid in Future Years

Pea
Thu, 10 Jun 2010 13:51:36 +0000

Where my wife and I struggle mightily is in trying to define a commitment we can make to the first that we can live by with all of the kids



Yes, and the burden is on you to do this. Your daughter sounds like a fine student and those colleges on her list are very tempting. But you have five kids you need to figure out how to send to college. Unless you’re rich, you won’t be able to be full-pays at five private schools.

It sounds like you’re just getting started so just to let you know many families find that the amount they are left to pay after they have received need-based assistance is a lot. I think your daughter should look a little harder at the colleges that offer merit scholarships.



How does our family get comfortable that a college/university will treat us fairly in years 2-4, especially where our oldest is likely to get little to no aid in the initial year?



I’m not exactly sure what you are saying here. If your daughter gets no aid in her first year why would she qualify for aid in years 2-4?