Input on my college list

tk21769
Tue, 26 Dec 2017 13:28:53 +0000

You may get a sibling rate but it doesn’t significantly change the fact that you won’t get need based aid. Loans are probably in your package.

The OP may qualify for need-based aid from some of the richer, more selective schools (if admitted).
I ran a few online net price calculations, assuming $200K income, $100K cash assets, $100K other financial assets, 1 sibling already in college, Illinois residency. Results:

Net Price … School
$58,212 … Rice
$40,056 … Dartmouth
$37,390 … URochester

These net prices have not been reduced by “self help” (student loans/work).
So the parents’ EFC might be ~$7K below these figures (after self help).
YMMV. Run the online NPCs on your own data.

If the family budget is $40K then Dartmouth or URochester might work. However, both are quite selective (esp. Dartmouth). The schools most likely for admission (or Fordham) won’t necessarily offer as much aid. So the OP may need to add a true admission+financial safety and perhaps 1 or 2 less selective, more affordable targets. Consider in-state public schools, or OOS public schools with under-budget sticker prices (such as UMinnesota, the SUNYs, Truman State …)