My child was accepted to Vanderbilt and I want to understand upcoming aid.
I know cost increases if you make more money.
An example might be:
For example - let’s say 2023 income was 150000 and cost is 30000
2024 we maybe make 185000 - so maybe 20% increase - would cost would be around 36000?
2025 lets say we makestrong text 195000 - so maybe 5% more to 38000
2026 - 200500 - so maybe another 5% to 40000
That is assuming all other factors even - is that how this works? Is this how we should plan?
Thanks!!