OP is planning to major in music but maybe could add a double? I know that’s likely unlikely and no idea if they are STEM inclined.
The $125K is interesting. OP was saying the dad made $120K after taxes. Now says $120K.
I’m sure they will need to provide documentation so dad should be up front and find out what they’re using - it sounds here like AGI.
- Adjusted combined federal household income of $125,000 or less
It says it’s last dollar; I wonder what else they’d be eligible for to make it “last dollar”.
But this is a case where sometimes parents aren’t up front with their kids, but they have to work together - because there could be a large difference of over vs. under $125K - and it sounds like they might be in that range.
Good info - thanks for posting.