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College and University Discussion
Reply to "Parents have $0 saved for college, won't qualify for financial aid"
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[quote=Anonymous]Don't give up hope Op. Things change quickly especially with federal and state grants to universities and what will be affected. Also, each college has their own FA formula. Dd got a lot of money for ODU, but $0 for VT. OOS schools are casting wider nets to draw in "outsiders" and are offering incentives. A lot of schools - like W&M - require a supplemental FA form which asks about (seemingly) every monetary detail about you and your parents. Plus, you might not have an accurate measure of your parents' income and assests (and debt). They'll submit their tax forms which reveal everything to said schools your applying to. See what happens. It might not be as bad as you think. Fwiw, there's amusually a work-study option. Just a thought.[/quote]
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