In any case, if the net price at Richmond is $23,000 per year, then it comes down to:
$23,000 net price
- 5,500 federal direct loan
- 4,500 student work earnings
- 2,000 1/4 of $8,000 savings
<h2>- 6,000 parent contribution</h2>
$ 5,000 gap
That means that $5,000 must be bridged with frugal living at school, parent loans, parent cosigned student loans, or additional parent or other family contribution. Otherwise, Richmond is unaffordable (and parent loans or parent cosigned student loans are usually a bad idea anyway, even if the parents are willing to do that).