What, exactly, is "Need-Based"?

<p>Alas, due to our lack of debt, we have previously been prevented from getting need-based aid (I pay tuition at my HS), though our income isn’t hefty.
Thanks!
</p>

<p>You can’t compare “need-based aid” at a high school to the FA process for college. </p>

<p>Edit…</p>

<p>So, now your income is $50k and your parents have a good amount of assets. Are the assets in protected retirement accts?</p>