College fund in what type of account? That would be included as an asset.
You have $100,000 in house savings…AND $150,000 in mutual funds. Just that alone would give you a $14,000 family contribution. Your income of $125,000 a year, I believe, would add more than $4000 to your family contribution.
Did you include your house savings and mutual fund…and please add in the college fund.