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Reply to "Savings - screened porch v college?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If a porch will greatly enhance your daily quality of life, do it! We just bought a car with cash (instead of taking a loan) so we have less savings to list on college financial aid forms.[/quote] Don't listen to this troll.[/quote] I feel like I have given up hope on qualifying for financial aid...[/quote] Gather up all your financial information and run the Net price calculator at schools of interest--every school has one on their website. If you enter accurate financial information they are accurate. Then look to see if they are a school that meets full need and if they have any information on what percentage is loans. Schools vary, but you will find out with quite a bit of clarity whether or not you are likely to receive aid and how much. Sure you don't know what your income will be many years in advance, but at least it shows you roughly where you are at. All of the first year aid is based on your Prior, prior year income (so Sophomore spring to Junior fall), though some schools also request Prior year (and the following years are based on subsequent years) so don't think you can game it too much by reducing income for one year. Many of the people who are doing things like buying new cars and screened porches with cash may have incomes and other assets that are too high to qualify for financial aid anyway. FAFSA is less important than the schools--so go to their NPCs. [/quote]
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