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Reply to "FA possible - 1 child, income $150000, low assets "
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[quote=Anonymous][quote=Anonymous]Is it possible to get FA for a one child family who make ~$150000/yr? We have less than $5k in savings, don't own a home, small retirement account, some minor student loans and higher than average health costs with some chronic issues. I have seen a few posts with similar questions, but they seemed to be mostly about families with 2+ kids. We will apply anyway but I just wanted to get a sense of how we should gauge our expectations. Thanks![/quote] You say " we" ; do you have two parents in your household ? I can tell you as a single parent with HHI of 120K, DC was given about a 40% FA grant . Since it was just me, I had to spend about $1,000 mos on child care and that was taken into account for why I got what was, at the time, about a 40% discount. I think I paid about $1,900/mos. and , no, I did not won my home, so I also paid about 30K a year in Fed income tax, 10K a year in DC tax. I think I had like $100 to my name at the end of each month.[/quote]
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