Financial aid unlikely?

blossom
Thu, 17 Jan 2019 01:54:38 +0000

Nobody is getting punished. Kids whose parents have not saved at all do not come out better than kids whose parents have saved. Why? Because most colleges in the US do not meet full need, so whether you need 5K or 50K to afford it is irrelevant. You’ll get a Pell if you are eligible (that’s a federal entitlement program) and your kid will qualify for the federal loan. Period, zip, nada. If you have savings you can divert to college, your kid is MUCH better off than someone who does not.

OP- what assets do you have besides the apartment?