LOW Income, HIGH Assets FAFSA & CSS HELP

austinmshauri
Sun, 09 Oct 2016 12:19:53 +0000

When people own businesses they can write off lots of expenses on their taxes. That reduces the amount of the gross income they pay taxes on, but colleges will add many of those back in which increases the gross they use to calculate your family contribution. What’s your parents’ total income before any deductions are taken? That’s the amount that matters.

Are you in CA? Property tax is usually based on the value if the home, not a 20-year-old purchase price.