Should I expect any financial aid?

cptofthehouse
Wed, 29 Oct 2008 16:11:47 +0000

It is possible to qualify for some financial aid depending on what that $200K figure actually includes, the value of your family assets, and the age of your parents. I have known families at that income level get aid, and others with less than that get turned down. Regardless, filing FAFSA will make you eligible for unsubsidized Stafford loans and sometimes colleges have merit money that also require a fin aid filing. On border line situations, if a student is particularly sought, the fin aid office may be able to look at the asset picture in a way that makes the family eligible for aid.

I am, in fact, wondering with the tight credit market and slow, non existent real estate transactions, how propertie can even be valued. Someone with property willing to borrow against it or sell it to pay for college may not get any takers.