When researching money for college, most parents start to realize the undeniable truth: money is only given to low income families and the lower middle class. That's about it. The upper class, the wealthy, don't need the financial assistance. So what happens to those people in between?
Unfortunately, upper middle class families fall through the cracks, and the result is they are not able to afford college for their children.
Providing Income Tax Information for Student College Financial Aid
Here is the Catch-22 that the upper middle class is caught in. The parent or parents have saved for college since the child's birth, contributing to 529 accounts or general savings accounts. Even though they saved well, parents could not predict the astronomical rise in cost for a college education.
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