<p>How is your sister getting through Wake in terms of money? If you go to a similar school, you would probably get a package similar to hers, actually more generous for both of you if you are both in college at the same time. </p>
<p>Bankruptcy isn’t going to affect your financial aid except that your parents will likely not qualify for parents’ loans (PLUS), nor would they be acceptable cosigners for outside loans for you or your sister. But you probably should not be taking such loans anyways.</p>
<p>With a combined income of $60K and few assets, you, your parents and sister would probably be expected to come up with about $12-15K if there are no complicating factors. I don’t know if Davidson includes Stafford loans in their financial aid packages in meeting your full need. If they do, then you need to find the money elsewhere. Don’t know what Wake’s policies are either.</p>