<p>My parents made more than $45,000 before taxes and reduction but because my dad’s business failed the reduced income is under it. Does that mean that if I am accepted that I will go for free or will they count before the revenue loss comes into effect. I am not even close to an accountant and I am not savvy in these types of things. What does under $45,000 really mean?</p>
<p>The “free” thing on applies to your parents. Their parent contribution is cancelled. You, however, still have to pay whatever the financial aid process decides is your student contribution. You also have summer contributions and such.
I.e. it’s free for your parents, but not for you.</p>
<p>better than nothing</p>
<p>The parent contribution is much higher than the student contibution I think so that would help significantly. Thanks.</p>