Get someone else to pay‼️
Before you read the following keep in mind this is the same family that brags they pay zero for ACA health care as result of subsidies and stimulus relief.
After roughly estimating our numbers and filling out the calculator, the results say we’ll get $4,250 in grant money when one kid is in college. One year later when our second kid enters college we’ll get $10,250 PER KID.
That’s almost half of the total cost of attendance right there, before we even start talking about other sources of financial assistance offered such as work study or student loans.
Is this an equitable result? Probably not.
But that is how the system works. We look poor on paper because they don’t ask about retirement account values and that is where 75% of our net worth resides. Therefore we get a lot of free money for college. And this is with us making zero effort to game our assets and income to maximize free grant money! If those grants work out, we’ll be paying a maximum of $14,000 per kid half the time and $20,000 per kid the other half of the time.