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Author: spinning Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75379  
Subject: Re: Withdrawal Strategies...Again Date: 3/10/2014 11:38 AM
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We are paying for college, and have simply come to grips that we will pay full price forever.

Private schools don't use FAFSA but their own formula. There is some consistency among them, but no guarantees.

Most (all?) schools have a net price calculator. Some are more detailed than others. I found it useful to play around with different scenarios and see how it impacted financial aid.

For example, at Harvard with 1 child in college, $40K in income and $250K in investments, the net price is $12.1K out of $60.4K full price. With $500K investments the net price is $24.6K, and rises to $49.6K with $1M investments. With 2 kids in college the aid is larger.
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