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College and University Discussion
Reply to "Affording College with HHI $100-$200k"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous] Like another poster, our income is so low that we'd qualify for financial aid, but our assets are high, so we don't. I filled out the FAFSA and CSS anyway. DS got merit aid.[/quote] If your assets are high, aren't they generating a decent amount of interest and/or dividends (or rental payments if properties) for you? That's counted as income for tax purposes. [/quote] I don’t have very many individual stocks w dividends and I picked etfs that don’t throw off income. I have mostly growth stocks so I have appreciation but no taxable income. [/quote] But it is assets. You are expected to use them for college. Up to you if you do or not. If you don't want to, then find a school you can afford. [/quote]
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