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How much of our savings and other assets will we be expected to contribute?

No one expects families to deplete their savings account, sell their home or land, or spend money put away for retirement in order to handle college costs. However, a family with a substantial bank account, real estate, investments, and/or a lucrative business is in a stronger financial position than a family with similar income and no investments, and large debts on assets. As a general rule, more is expected of families with greater assets, just as more is expected of those with higher incomes.