A question on Financial aid

drusba
Fri, 10 Dec 2004 09:33:33 +0000

As there can be things taken off gross to get adjusted gross besides retirement contributions, it is not quite that simple. The formula to determine total assets available starts with Adjusted Gross Income but then adds back the retirement contribution as untaxed income, so $70K is what it would be without any other amounts taken off of gross to get adjusted.