I am Indian citizen, worked in USA and paid state taxes between 2000-2004 to virginia/maryland.
My son is born citizen from maryland. Moved back to India when he was a toddler.
He got 1550 SAT with around 3.9 equivalent GPA converted from Indian system.
I have retired early 5 yrs ago. No liabilities/debt. Live in own home.
Have around 400K $ invested in fixed deposits and dividend yielding mutual funds that give annual income of around 25K $ for comfortable survival. (These include spouse income too)
No investments in retirement/pension funds.
My son wants to do undergrad in USA. Unfortunately he is not INstate in any state.
The moment I put 400K under assets some of the aid calculators are increasing my EFC.
Can I put these under retirement funds and explain the situation when asked?
What are the options? Wish his birth state was INstate by default.
He will be interested only in top 100 universities for comp sc. only.