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The private loans have also become more scarce with the credit crunch/banking crisis according to my friends with college age kids. The way one co-worker explained it to me, when I was complaining that my daughter has very expensive schools in mind... the FAFSA figures out what you can afford to pay and that amount is the same no matter how expensive the school is. So, if they say you come up with $10,000, that's true whether your kid is at a community college or at an expensive private school and she found that the expensive private schools made that extra money available somehow, much like Peppy was saying earlier.
As my kids are quickly approaching college aid, I'm becoming more acutely aware of these issues. I'll get them through somehow though.
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