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We normally have a HHI of $190K. Our 2 kids go to private (tuition total approx $26K - 10 months). We also will have a 3rd in daycare in the fall with tuition approx $16800 year. Our school is generally very good with financial aid and we expected to get a break in tuition. However, DH just lost his job, so now our HHI is only $100K, although he's getting severance for a few months.
Obviously, we hope and are pretty confident that he will have a new job by the fall, but I am filling out the financial aid forms now and they want to know how much we can pay. I am lost for where to start. Without DH's income, it really doesnt seem like we can pay anything! Our expenses are as follows: Mortgage: $2100 Student loans: $800 Utilities/life insurance: $650 Food/household: $1000 Gas + auto insurance: $250 Misc (clothes, prescriptions, activities): $650 I really dont want to put down that we can pay nothing, but I cant seem to figure out where we have any room at all. HELP! |
| Why not put that you can pay nothing? Whats the harm? |
| You can offer to pay the diffenrence between these expenses and you take home pay, which isn't very much. Explain DH's situation and that your need for aid will be temporary. |