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Author: Bob78164 Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 8411  
Subject: Re: College/Retirement funding questions Date: 2/15/2007 1:48 PM
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reallyalldone writes (in part):

It was doubtful we would have qualified for any [need-based aid] so there was no need to muddy the water.

I reply:

I'm still about ten years out from needing to fund college costs for The Little Guy, but I strongly suspect I'll be in the same boat when the time comes. Can you give me some sense, though, of what level of income and assets would leave me in that position for (a) a top-tier private school, or (b) a strong public university?

I'm not particularly worried about this -- my wife and I are socking away savings planning to pay for his college without assistance, and my mother independently appears to be socking away savings for this purpose(I'm hedging because my mother declines to share financial information with her children, as is her right) at a rate sufficient to defray most or all college costs independently. But if there's some reason to believe we have a realistic chance to qualify for need-based aid, that would be nice to know. --Bob
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