SoccerJones
SILVER
The FAFSA formula takes into account the equity in your home and other non-retirement assets. It is not uncommon for the expectation to be that you spend 25% to 30% of your income on your kids education before you even qualify for governmental need-based financial aid. Public schools don't have alot of other need-based financial aid available. I have seen out of state public schools offer a discount off their out of state tuition. Also in public schools your kid is competing against everyone else for the few academic scholarships available. Private schools can really do whatever they want if their adminstrators are on board. They can steer money at times where they need it.
true. you can get some major bucks from Cal Grant and Pell (max is like 18k). so if you get good grades and lower economic you can get at least 50% paid for, before scholarship. Not all privates can offer full academic scholarship with athletic. I know at a couple WCC schools you have to take one or the other (or a percentage of the "merit" scholarship). which kind of sucks...