Can I be reconsidered for financial aid?

cptofthehouse
Wed, 06 Jun 2012 14:40:07 +0000

Harvestmoon has some facts wrong. FAFSA gives out no money. It just gives out a number, the EFC and that number is based on the prior year’s tax return and financial situation , and the assets on the day FAFSA is filed. No look backs. It’s a snap shot of one’s finances not taking into consideration what happened before or after that year and that day. All FAFSA does is qualify a person for PELL which is not going to happen here, and for Stafford loans up to $5500 for the student and allows the parents to apply for PLUS if they want loans. Amherst uses PROFILE for its own money, and if the OP is looking at grant money, that’s the only place that will give it for need. I don’t think she’ll get anything either at $500K parental income even with multiple kids in college, but she can give it a go.

We are considered high income though not that high, and if both of our kids in college had gone to top priced privates and gotten zero merit money, I think we might have qualified for a few thousand in aid. From what I have seen, most likely some subsidization of the Staffords would have been it.