Financial aid unlikely?

mom2collegekids
Thu, 17 Jan 2019 06:21:30 +0000

We probably won’t qualify for any financial aid for the small Northeast LACs we are looking at, but we might get a little. Are you at a disadvantage if you apply for any aid on an early decision application? (Not looking at Ivies but various little Ivies) Is there a clear way to see how they calculate parental assets? Thanks!

Hmmm… you think that you might get a “little aid”, so it appears that you’re willing to pay at least most of the costs…maybe willing to pay $50k-60k per year? Yes? Now? How much are you willing to spend each year PER child?

Do you have any college savings for your kids? How much IN TOTAL do you have in college savings for your kids?

I’m having a hard time figuring out how you could afford to pay the property taxes on that home in NY (and any other local taxes,) and pay income taxes and FICA, contribute towards retirement accounts, support your family, AND pay a decent amount towards college…all on a gross income of $150k