Reply to FAFSA - is middle-class waste time applying?

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[quote=Anonymous][quote=Anonymous]My wife and I are both gs14 fed employee with combined income around $300k pretax. This is quite common for middle class in dc area. [b]We’re told not to bother filling up FAFSA or any financial aid since we won’t be qualified for anything so we won’t apply. Is it true for anyone in our situation?[/b]

[b]Now, if kid gets into a private college with annual expenses 70k+, how middle class manages to pay for it without any aids or scholarships? [/b]
[/quote]

If you have a senior that already applied, I hate to say it but I hope they have in-state public schools and applied to schools with merit scholarships because it’s unlikely you will qualify for any need based financial aid.  You may still wait to file the FAFSA anyway if you want your kid to be able to take out up to $5500 in unsubsidized federal loans, if the school itself says you need to file the first year of you will seek aid in any years (and you think something could change where you might want to file in later years) and there are schools, though not most schools, that will require it for some or the merit awards.  Usually you can look at the page with the merit awards for the colleges to check.[/quote]

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