We are in a similar situation now, have more than we should in checking because we intended on doing a lot of renovations over the winter, but due to the higher cost and lack of availability of materials due to covid, decided to hold off. We will have 3 in college next year but only received FA from 1 college. According to the calculator, FA next year will go down only $2000 when we have only 2 in college, have no more 529’s, and have $125,000 less in cash.