All amounts are given in US dollars and are annual amounts.
Parents ( total ) income from work : 27,000
Net income from real estate : 1200
All taxes, mandatory withholdings, and set-asides paid or withheld. Include
income taxes, state taxes, local taxes, levies, and mandatory retirement
payments. : 5000
Untaxed income and benefits : 2000
Home purchase price : 78,000
Current market value : 170,000
Amount owed on home : 16,000
Current amount in cash, savings, checking, and deposit accounts : 10,000
Current value of jewelry, art, precious metals, and other valuables : 2,000
Living expenses ( food, utilities, educational expenses, medical expenses etc ) : 7,500
Parents participate in the following plans :
Employer sponsored retirement plan
Current value of tax-deferred retirement, pension, annuity, and savings plans ( total so far, not annual ) :40,000
Number of members in my family : 5 ( all dependents )
Cost for sibling's college fees : 2250
Value of 0 for anything not mentioned here.
This financial aid thing is really starting to become a headache for me. Any help regarding what my expected family contribution might be will be very much appreciated.
My personal stats
GPA : 3.96 UW ( most rigorous classes available )
SAT : 1440 ( 650 english + 790 maths )