Paying for College

Are We Too Rich to Afford College?

Question: I believe that my income is outside the range ($400,000) of any need-based aid from any school.  Am I correct?

 I know this sounds like a dumb question, but netting $240k after taxes with high living expenses in a major metro area…$60k is a big chunk that is not really affordable without taking at least some loans.

Unless you have a big family (not necessarily 19 Kids and Counting but at least a couple children in college concurrently) or other extenuating circumstances, your income will put you beyond the range of need-based financial aid.

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