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College and University Discussion
Reply to "What happens if you ED and then back out?"
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[quote=Anonymous][quote=Anonymous] The kid just can’t say “it’s too expensive”. First, there’s the net price calculator. The. The agreement and discussion of cost and signing of the agreement with the high school counselor by both parent and student agreeing to terms. Then the acceptance. Then the parents file the FAFSA and /or CSS. Most people reading this on the DMV will, like us, get an EFC of 100 percent because we make over $250k or so a year. That should coordinate with the NPC (always take a screenshot of that), if not then the school works with the parents (or doesn’t) on a financial package of grants, work study, etc snd the student takes out the $5500 in subsidized student loan. The parents are now stuck for the rest. You enter the agreement knowing this do the student can’t wail at the end of it “but we can’t afford it”. The parents have already indicated that they CAN afford it. The burden is on the parents to prove -after the FAFSA and the CSS that they can’t afford it. Then the parents scramble for loans (the kid has no collateral so can’t take out any) or refinance their house, etc[/quote] DP.. question.. for the income calculator, do they look at gross (AGI) or net taxable income? I'm guessing AGI?[/quote]
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