<p>Well, I’m not going to spell it all out- of course 7k isn’t a lot for college - 7K MORE than what we are already paying is. If you read correctly, you would also see that not all the cash is going towards the cottage - we have a younger child to still put through secondary education. Also, I said that one child is done with college this year. </p>
<p>The cash we were going to use for the cottage (not a luxury space by ANY means) is a once in a lifetime opportunity - I won’t explain any further, but just would like to point out that your statement is kind of based on a lot of assumptions.^^^^</p>
<p>Oh I absolutely made a lot of assumptions; I was just overwhelmed by the mere thought of inheriting that kind of money, given that 7K is a lot for my family, and I will not be able to attend the colleges I want to due to finances. My apologies.</p>
<p>Sorry I had my years mixed up - for some reason 2011 just sounds odd to me and I keep thinking we are still in 2010. But what I meant was use the money up in the tax year before you do the FAFSA. In your case - I thought you were talking about a FAFSA you would be doing in January 2012 and I meant to deplete the assets during 2011 so that you had lower asset totals by January 2012.</p>
<p>No problem Pancaked. “We” too had to turn down many colleges we just couldn’t afford. Even that amount of money is peanuts compared to 3 or 4 kids and a college education.</p>