Divorced parents and financial aid??

ItsJustSchool
Wed, 19 Nov 2014 01:32:51 +0000

<$60K and <$75K seem to be magic thresholds in terms of financial aid. That is, some schools give full tuition to those whose family income is below certain thresholds without such in-depth review.

You may want to contact someone who understands all of this (or maybe someone on this forum does?) and see if it is worthwhile for your parents to run the numbers, and maybe tip a few more dollars into an IRA or something if they are near to one of those thresholds.

I am speaking way out of my depth here, but I just wanted to raise the flag that this might be worth checking before 31 December rolls around. $76K is very close to “<$75K” and it could make a difference.