Financial Aid for Upper-Middle Class

kmls123
Sat, 08 Dec 2012 14:14:10 +0000

Yes - based on my own calculations, the estimates above are pretty accurate. If you’re in the $100-150k range, then you can expect about 20-25% of your income to be counted for aid purposes. If you have assets outside of 401k and IRA accounts (savings, stocks, etc…) then a portion of those assets will be counted too (around 5-6% per year). Get the Princeton Review book mentioned before - Paying for College Without Going Broke. It has all of this information in it and more. If you have assets that will impact your kid’s chances for aid, then you might want to talk with a qualified professional for help.