Is this correct? Financial aid questions.

ohio_mom
Thu, 24 Apr 2008 23:43:07 +0000

For comparison, we’re at 105K (with 401k contribution back that puts it at 115k), 4 family members (including grandpa), home equity at about 110k and a pathetic amount in savings - grant was 15k last year.

So, depending on the college, the OP might be looking at anywhere from 0 in grants to over 20K depending on the school and whether the finaid officer had a fight with her husband the night before.

Oddly, the thing that makes ME feel better is taking a loan, or fixing a portion of my HELOC because then I know what the money situation is. I am currently trying to decide between one more dip into equity or a PLUS loan (which are less risky in some ways) for my son’s 4th and final year.