Should I expect any financial aid?

swimcatsmom
Tue, 28 Oct 2008 21:55:17 +0000

financial aid is based on assets as well as income. If your parents own property other than the primary home that is considered an asset for financial aid.

Two kids only makes much difference if both are in school at the same time.

With $200k income you will not qualify for federal aid. Schools that cost $50k usually ask for CSS/profile in addition to FAFSA to award institutional aid. But it is also unlikely you will qualify for much institutional aid.

The conventional wisdom is that one should always apply as circumstances may change in the future so it is good to be in the system.