<p>My parents’ income is around 200,000 but this year, it’s 160,000.
Would this drop in income help me receive some financial aid?
We live in CA so 160,000 is not bad, but not so gud either…
And our house price went down from 600,000 to 450,000…
Will all these situations help me?</p>
<p>The drop in house value is not going to help you. With that much income, their savings is probably decent.</p>
<p>Your parents’ income is very high. Their EFC is going to be very high. The fact that their income decreased, but remained high, is not going to help. A school like Harvard might give you some aid, but not the rest. </p>
<p>What schools are you applying to? </p>
<p>How much can your parents give you each year?</p>
<p>Do you know what your Expected Family Contribution is? If not try using this to get an idea. <a href=“http://www.finaid.org/calculators/finaidestimate.phtml[/url]”>http://www.finaid.org/calculators/finaidestimate.phtml</a></p>