<p>* Mom wants me to get really good scholarships, dad’s all gung-ho that he finally has a kid going to college and he says that I can go wherever xP*</p>
<p>Well, to be safe, you need to be sure to have some schools that give huge scholarships. Sometimes one parent is overly-optimistic as to how much a family can pay. (I can’t tell you how many times I’ve had to “reel my husband in,” when he’s promising the kids that we’ll pay for something that really isn’t feasible. lol ) And, sometimes a parent has NO IDEA how pricey schools have gotten.</p>
<p>Since your mom is expecting you to get scholarships and is saying that they can pay $10-12k per year, then that suggests that she has a better handle on the family finances. </p>
<p>Your dad may have NO IDEA that a college like Georgia Tech would cost him over $40k per year. GT has some very competitive scholarships, but even students with near perfect SATs or 35 ACTs get turned down for merit awards. </p>
<p>Or that a private could cost him $55k+ per year.</p>
<p>When BOTH parents are in the room, ask them how much they contribute MONTHLY for college. This is often better than asking for an annual amount when there’s confusion on this issue. It sounds like you don’t have a college savings account.</p>
<p>For example…if your family thinks it can pay:</p>
<p>$12,000 per year, then ask them if they can contribute $1000 per month towards college costs.</p>
<p>$24,000 per year, then they need to be able to contribute $2000 per month.</p>
<p>$36,000 per year, then $3000 per month</p>
<p>Unless your family has a very high income, it’s doubtful that they can just pull out $3k a month out of the family budget for 48 straight months to pay for college. </p>
<p>Using numbers this way can be reality check to families who really haven’t “done the math” about how they’ll pay for college.</p>