Yale financial aid negotiations

[gibby]

@infinityprep1234: As per Stanford’s Financial Aid website: http://financialaid.stanford.edu/undergrad/how/parent.html

The Parent Contribution
We use an institutional formula to calculate an expected parent contribution toward educational costs. Our goal is to treat families equitably while still maintaining flexibility to recognize unusual situations.

When we review your family’s finances, we make allowances for:

living expenses (based on household size)
federal and state taxes
unusually high medical expenses
college costs (undergraduate) for siblings
private school tuition and college savings for younger siblings
We also consider your family’s assets, including home equity, savings, investments and real estate, but not retirement accounts.

In cases of separation or divorce, we expect both parents to participate in paying for your education. We will compute separate contributions for your custodial and non-custodial parents.