oth my parents are undergoing bankruptcy right now, and I'm wondering how this affects my chance of getting loans for college. I'm pretty sure federal loans won't be affected (feel free to correct me on that) but I'm a little afraid of how it affects my chances with certain schools.
Would there be a difference in amount of aid given in terms of applying to public vs. private schools, or in-state vs. out-of-state?
More background on me: I'm a rising senior, getting ready to apply. My parents combined income is about $60,000 and my sister is entering her second year at Wake Forest. I was hoping to apply to both public and private schools, in state and out-of-state. Short list: UNC-Asheville, UNC-Chapel Hill, Davidson, Mary Washington, William & Mary, University of Chicago
I know Davidson, for example, claims to meet 100% financial need (The impression I've gotten is most colleges have a different idea of "100% need" from the students who actually need it). Can anyone give me more insight on that? Does anyone have insight on some of the schools I listed's policies, or maybe have a recommendation of a school with a good reputation for helping out with need? Any help would be very much appreciated.