Should I Apply to Schools I can't Afford?

austinmshauri
Sat, 17 Nov 2018 20:46:32 +0000

thumper1 (Nov 17, 2018): Are your parents divorced? Do they own a business or are they self employed? Does your family own real estate other than your home?

conflictedkang: No to all of these.

conflictedkang (Sept. 9, 2018): We immigrated to America and still have money in our original country’s bank accounts as well as a home there. I don’t know if this is reported on the IRS tax forms, but none of the college’s net price calculators ask for it, so I’m not sure if FAFSA itself will ask.

This is the student whose parents have been lying to them about their income/assets and wanted them to lie on the FAFSA. Yes, maybe the US property is just worth $400k and was bought for less and paid for with a $70k/year income.

I’m not clear from OP’s posts if the NPC results are based on all their income and assets or just those held in the US, so it’s difficult to tell if their schools are affordable. They need to be truthful on their financial aid forms, and I’d suggest they keep all the papers handy in case they’re picked for verification.