Uh, no. The college gets to define what they consider need. However HYPSM are the most generous of all schools. As @Zinhead stated you can get good aid at H with income up to $200K. But those schools are also the most competitive to get into. Definitely run the Net Price Calculators for each school. Be aware that if your parents own a business your income for FA will be higher than what your taxes show. Many business deductions get discounted for FA.