My husband is thinking of retiring. He’s 53. We have the resources for him to do so. Right now, with his income and our savings, we do not qualify for any FA even with two kids at private colleges. We’ve been playing around with NPCs, though, and it looks like we might qualify for some grants from the schools if our income is lower or zero.
My question is this - is that really true? Is there anywhere on the CSS that would question a 54 year old and why he has no income but considerable savings? Would a school not give FA after looking at the whole CSS (as opposed to the quick NPCs) and realizing that the parents aren’t bringing in any income and are retiring early? Seems a bit too convenient that he could retire and we would pay a little less for college.
We have never filled out a CSS because NPCs always show full pay and our EFC is very high, so I’m not familiar with the questions asked or how colleges interpret the answers when deciding about granting aid.