Decline in income

mom2collegekids
Tue, 20 Feb 2018 12:46:55 +0000

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Our income declined by 50,000.00 in 2017. I was told Universities can take that into consideration to assist us more financially.

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That may be true for some privates that have large endowments. However, OOS publics don’t usually care, mostly because they don’t have the funds to give and their state’s taxpayers expect their limited aid to go to taxpayer’s children. OOS publics charge OOS students higher rates because their parents don’t pay taxes there. It wouldn’t make much sense to charge higher OOS rates and then cover those costs with need based aid. Why then bother to charge OOS rates. Lol. OOS students who go to your instate UCs do not get need based aid and that’s fair. I’m sure that you wouldn’t want to pay more in taxes so that your dollars could fund the OOS rates for UC bound OOS students.