No liquid cash

matawandad
Wed, 24 Jan 2018 15:23:13 +0000

Hello all,

An anxious dad here. My daughter is a Fall 2018 applicant. She is already gotten couple of acceptance and she is expecting to hear from few more colleges. Her top colleges has a price tag of 65k+ (of course). I am hoping she gets some fin aid and/or scholarship that helps us meet somewhere in the middle.

My EFC comes to about 30k but I dont have any liquid assets. Whatever I have to pay I am planning to raise through student and/or personal loans etc. My question here, does this low bank balance affect a college’s decision to accept my daughter?

Any insights would be quite helpful.