<p>Similar situation here - high income, high taxes, underwater mortgage, and medical bills of around $20k a year for the last ten years (paid for some doctor’s kid to go to school, I guess :)</p>
<p>So yes please follow the great advice of the long-time posters here. I will take a moment to thank them here because their advice helped me help my kids. Though my son had the stats to have a competitive application to some of the so-called premiere schools, even with large scholarships, we would have still had $20k or more a year in many cases so he did not even bother to apply. Instead, he focused on the schools mentioned here and has a full-ride on the table plus several full tuition offers. We will have no more than about $9-10k a year to cash flow (which is not insignificant but will be offset by some tax savings and it does include food and housing.). He plans to go to grad school so minimizing undergrad costs was essential.</p>
<p>There are options out there for families in your situation. Just listen to the folks here and open your list to schools you may never have considered before. Best of luck.</p>