Second Home and 529 Plan......

Smolenski7
Mon, 10 Aug 2015 12:08:37 +0000

Very. The $5500-7500 is the Stafford loan - almost everyone qualifies for it (US citizen, no drug arrests, etc are the basic requirements). That’s for federal aid. It is really unlikely you’d qualify for a Pell grant, work study, or other federal student aid. Incomes above $50k rarely do, unless you have multiple children in school, a job loss, special needs child, etc

Thanks, that explains why the amount of aid the FAFSA4CASTER really didn’t change with respect to including the real estate asset or not. I guess our household income is just too much (Never thought I would say that!). My son has been diagnosed as ADHD, would that “help” get him some more aid, in any form?

By the way, I’m really not counting on scholarships, loans are fine. I don’t mind if my kids graduate with a little debt, in fact I would prefer it. However, I just don’t want them to be hampered down by loans that will take 10 years to pay off.