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College and University Discussion
Reply to "How does most of America pay for these elite schools?"
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[quote=Anonymous][quote=Anonymous]To the PP who mentioned getting divorced as a way to make college more affordable, that's not how it works. Schools look at the income of the parents and any second spouses they may have. So, if married your HHI was $300K, and divorced the husband makes $150K and wife makes $150K, your HHI is still $300K. But guess what? When you were married, you presumably all lived in one house. Now you have to pay for two houses with that same $300K HHI, but the schools don't care about that additional cost, even if you live in NYC, DMV, or the Bay Area. Your expenses DO NOT matter to them. All they look at is your income. Also, if one spouse wants to stay at home to knit or cook soup, your HHI is only what the other spouse brings in. They don't punish you for having a non-earning healthy adult who is not contributing to the finances. If you make the mistake of marrying somebody new who has a high income, that will also work against your kid getting help. Bet you didn't know that![/quote] I think this would only be true if colleges that use css. If the just use fafsa, I'm pretty sure you could get away with not including ex's income. You would have to not have the 2nd spouse though. [/quote]
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