Is this a reasonable plan for paying?

mom2collegekids
Mon, 01 Aug 2011 09:09:02 +0000

Merit aid would just get applied to your need…it wouldn’t go towards EFC.

Your family can use mutual funds to pay if they want. It’s their choice.

Yes…you might be able to take out an unsub loan if your EFC from Vandy is a little short. However, that’s only if Vandy doesn’t put one in your FA package. I don’t think Vandy does, but schools sometimes change policies.

Other schools do put loans in FA packages.

Did you include those mutual funds in the FA calculator? It would seem like your EFC would be higher if your parents have a good income, can pay $25k per year…and have $150k in mutual funds.

Did you include home equity as well?