ONE year high income

DadTwoGirls
Wed, 05 Jan 2022 23:09:07 +0000

Two things to keep in mind.

One is that if that “extra income” ended up in a bank account or normal mutual fund (ie, not a retirement fund), then having this money available will impact need based financial aid. This was a common issue back when high tech people were seeing one-time only payments from the dot com bubble.

Another issue is that self employed people frequently have a less than ideal result from need based financial aid. Most of the self employed people that I know have sent their kids to in-state public universities (if they live in the US).