Lots of talk about how the total cost per year to go to this school is around $76K, which is true. But did anybody bother to play with the MyinTuition "Quick College Cost Estimator" on the tuition page for the college? I did. I live in the south, so it's much cheaper to live here, but regardless of that... I live in a fairly average and modest home for our area, valued at around $200K, and still owe somewhere around $85K on it. The AGI of my wife and myself is shy of 6 figures still with an extremely low 5 figures in the bank. We have twin boys who will eventually both be entering college at the same time, should they decide to go that route over a trade school. I didn't enter anything about retirement accounts because it says that info isn't factored into the estimator.
Result? My contribution (per kid) would be $8,000 per year, each kid would contribute $2,200 by completing a work study program on campus, and the need-based scholarship amount would be $66,100. Nearly half of this year's incoming class received aid, and the average grant was well over $50K.
**Interesting side note on the work study program. The average enrollment is only 1,800 students, but they claim to have 2,500+ on campus jobs available. Not sure how that math works out...?