[quote=UCGal]All I know is that my 529 savings accounts will NOT be enough to pay for Ivy. But I’m hoping it will be enough to pay for UC. They can go to grad school on my dime if there’s money left over.
If my kids get accepted to Ivy and don’t get financial aid – then it’s an issue…
Truthfully, I doubt my kids will be accepted to Ivy schools – I’m hoping for acceptance to UC schools – which is much harder now than when I was accepted to UCB several decades ago. FWIW – my engineering degree from SDSU was good enough for me to support myself, sock away some money, and retire at age 52. I was not going to keep working just in case my kids wanted to go to Harvard instead of UCSD, UCLA, UCI, etc…[/quote]
Since you are retired and if your household income is below 150K, an Ivy might be cheaper or comparable to a UC. Depending on your asset. Retirement accounts and to some schools, home equity, are not considered as “asset” in their calculation of financial aid determination.
