How CC helped me help my D

SuburbMom
Wed, 12 Apr 2017 22:10:45 +0000

If I take our 2016 AGI and subtract out all the taxes we pay and medical costs, we’re left with less than $90K. Our EFC from Penn is $47,500. I hardly call that generous aid. (It is, however, slightly better than what Duke expects us to pay.) In hindsight I should have pushed Harvard as their NPC for us is less than half of our Penn EFC. It only gets worse when our S would go to college as CSS schools expect you to pay 60% of EFC for each child. If we’re having to take out loans already to pay 100% of CSS, that just means more loans when we have to pay 120%.

We’re getting off topic here. Every family has to make the decision that’s best for their situation. Some will choose an Ivy and debt, others will chose an alternative that leaves them without debt. Neither is the wrong decision.