Reply to How high can income be and still qualify for financial aid?

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Reply to "How high can income be and still qualify for financial aid?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]NP but I would love to know what people's actual income level and debt are that receive financial aid. It's an anonymous forum, nobody will know who you are or what school your child goes to.[/quote]

This is a good request. Like, would a family with $400k HHI, some student loan debt, and 1 kid get any FA? Would a $500k HHI with two kids? [/quote]

Yes, if there was something about that child/family that the school really wanted in their community. Athletics are usually a big draw, but so can race, geographics and/or other characteristics. For example example, if a school was trying to attract families from a specific geographic area and a very smart student with demonstrated FA need applied from there, they might lure them with aid to attract other full pay families. Or more commonly, if your child is very good at a sport that the school is trying to be more competitive in, they will likely give that family significant aid despite their HHI.

I know of families in both categories with over $300k HHI that have received anywhere from $10k to full rides with only one child. [/quote]

IOW, is the kid hooked?[/quote]

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