Too Poor for College, Too Rich for Financial Aid

[4kidsdad]

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What was the family’s income? If their EFC was about 48K, they most likely have a pretty high income. Did they have any money saved for college? If not, why not?

See <a href=“This Scholarship's Not For You”>http://www.forbes.com/2009/03/10/college-fafsa-financial-aid-personal-finance-retirement-scholarships.html&lt;/a&gt;
Middle class income?

a base salary even marginally above the $100,000 threshold

$100,000 savings?

the value of our 529 savings account collapsed at the worst possible moment. What we had assumed was four years of college tuition safely tucked away was suddenly worth just slightly more than two years.

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