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College and University Discussion
Reply to "Financial advisors who specialize in FAFSA etc?"
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[quote=Anonymous][quote=Anonymous]i have wondered the same thing because we are a blended family which complicates matters. My guess is there probably isn’t much of a market for this because people who need financial aid do not want to pay financial advisors. It’s not like you can charge $500 an hour to people who are applying for FAFSA[/quote] I can give you some advice on that. 1. You are better off sticking to schools that use FAFSA only, not CSS. For FAFSA, only your and your legal spouse's incomes/assets count if you fit their definition of custodial parent - the child spends more time with you than the other parent. If your ex is wealthy, this helps. 2. If your child is aiming for top schools, pay a close attention to Princeton and UChicago. Their policies re:blended families are (used to be?) different from the other top schools, and may be more beneficial to you. My kids are both in college now, so I am out of the loop, but do check out those two schools. [/quote]
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