FAFSA has a formula to calculate the EFC (expected family contribution). It has an income contribution and an asset contribution. Assuming your AGI is 200k, you need to add back any retirement plan contribution for the year to get to the total income. Then there is an income allowance which is normally the total of your income tax, state allowance and social security tax allowance, income protection allowance, employment expense allowance, etc. Total income minus the income allowance is the available income that can be used to pay tuitions. Add in asset (0 in this case) and lookup that number from a table to get the parent contribution. I’d think in this case, maybe roughly a 30%. If you only have 1 kid in college, this will be the expected family contribution. You should be able to get some aid from good aid schools. The whole formula is public information.