Paying for Ivy League?

Bay
Sat, 26 Sep 2009 21:44:00 +0000

It looks to me as though you will graduate with $120K of debt (50K/yr cost of attendance vs. the 20K/yr parents will pay, times 4 yrs).



If OP’s EFC is $35K, and his parents pay $20K, then he is left with $15K per year, or $60K total.

You say your parents will pay for a car and upperclass housing at a state school. What do you think that would be worth, $20K or so? You could ask them to apply that to Ivy tuition instead, leaving you with $40K debt. While still a lot, it is probably do-able if you really want it and are pursuing a high-paying career. Working summers and part-time during the school year could chip off another $10K or more by the time you graduate.