Second Home and 529 Plan......

Smolenski7
Sat, 08 Aug 2015 20:41:00 +0000

“it looks like you are solidly in the ‘we make too much for need based aid but not enough to write a check for $60k/per kid/per year’ with or without the 1/3 house.”

That’s us is a nutshell!

I have been playing around with FAFSA4caster. Taking out the $117K for the real estate and adding my daughter into the equation when she is in college at the same time as my son. The $117 didn’t make a difference. It looks like my kids can qualify for some loans, between $5,500 and $7,500 each year. How accurate is that calculator?