<p>Have you run the financial aid calculators to see what the colleges will think you can afford? Basically, the calculators could show you have some need and your older daughter’s school just doesn’t meet it or the calculators could show you have no need. If you have need and could pay your EFC, your second daughter should look for schools that meet full need. Money for needy students is called <em>grants.</em> </p>
<p>If you have no need, your daughter will do best applying to schools that give merit <em>scholarships.</em> They can come from outside sources but often come from the schools themselves. Some schools give none. I’m not sure if Georgetown gives merit scholarships. I know American does. </p>
<p>There is a thread in this area that lists colleges known for their good merit. Some give a handful of students a lot of $. Others are known for giving lots of students smaller scholarships, sometimes called “tuition discounting.” You will want to target those schools. </p>
<p>There was a wonderful thread about a parent whose children were able to attend 3rd or maybe 4th tier schools for free. I can’t remember enough to search for it but maybe someone will post a link for you. Sit and read it. It will show you how to strategize. </p>
<p>And remember that your daughters can take summer jobs, work-study and loans. </p>
<p>By the way, I have known of parents who retired just as their kids graduated high school. They then moved to different areas of the country to get instate tuition. I don’t know if that’s a possibility for you.</p>