College financial aid for solid income earning households

[Anonymous]

you have a HHI of 400k and you are expecting NEED BASED AID?

are you delusional? or drunk?

doesn't matter if your "household expenses are maxed out."

[Anonymous]

At that kind of income you will not get aid. Tell her you both can afford a state school.

[Anonymous]

At your income you can save. W saved on a lot less income.

[Anonymous]

Anonymous wrote:

Anonymous wrote:FYI his wife’s income and assets will factor in with CSS schools. For FAFSA hers will also factor in if he supports the kids more financially.

Divorced kids whose parents remarry get screwed

Wrong.

For FAFSA, the primary parent is the one who spends more time with the kids. Even with 50/50 custody, it's easy to ensure that the kids spend 183 days of the year with mom and 182 with dad.

The CSS might collect the info, but the schools themselves decide how to interpret it. Of the top schools, the two notable outliers are UChicago and Princeton - they handle the divorced parents differently from the rest of the pack.

Nope. OP’s daughter is a sophomore. By the time she is applying the FAFSA rules will be changed to say that the primary parent is the parent who provides the most financial support.

I’m in the middle of this with my stepson right now so I researched it. The mom is low income and refuses to pay a cent for college. Our custody is fifty fifty but as you stated right now you can just have the kid stay with the poorer student for a few extra days and put that parents income down. Our HHI is 130. Hers is 50. We tried to get her to let the son stay over an extra week so we could use her info. She refused. And she said she would t give us her info. So since it’s fifty fifty we put out HHI income down and son will likely get no aid for state school. She screwed him out of tens of thousands in grants. But that would only have worked for two years because in two years they are changing the rules to say it’s the parent who financially supports the most regardless of custody.

[Anonymous]

I get the pp’s ^^ theory, but mom currently makes $200 K herself.