Reply to What money is fair game for financial aid?

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[quote=Anonymous]^My understanding (which may not be correct) is that while the form asks for retirement accounts, they are not used by most colleges in the need calculation.

OP, the best thing to do will be to try Net Price Calculators. Each college has one, to give you a financial aid estimate. Potential issue: your OP mentions you are a single mom. If the dad is living, most colleges that use CSS Profile will also require his financial info via filing a CSS Profile himself. Some Net Price Calculators will ask questions about divorce and the noncustodial parent income and assets. Other Net Price Calculators might not, in which case you would need to make sure his financial information is included in the totals you use in the calculator in order to get an accurate estimate.

Bottom line is that it's important to find out earlier rather than later if colleges are unlikely to offer sufficient need-based financial aid. Then you can focus the search on what might be affordable, either your in state public options or colleges that may offer your child substantial merit scholarships.[/quote]

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