Quote:
Originally Posted by AGDee
Well, they all seem to think I can contribute half my take home pay to her education so there will be at least 60K in loans at any school. She is hoping that will be different for Michigan, but I am not that optimistic.
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Something to be aware of, but I'm sure the school mentioned this in the fine print: as she gets older and closer to graduation, the expected loan amount will increase each year. It may be $15K a year this year, but it will creep up. Also, the EFC may increase because it's expected that she'll be able to contribute more of her summer earnings.
