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

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[quote=Anonymous][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. 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?

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? 
[/quote]

Unless you've large debt or several other kids in college, it's unlikely you'll get any aid.[b] By filing FAFSA, you can get federal and parent-plus loans[/b]. As far as expensive colleges with no merit money, you go extremely frugal and you use your savings, bonuses, overtime, borrowings from 401K, home equity loan etc. [/quote]

We also probably won't get any aid and have financially planned for In-state College but will still be filing FASFA. Our HS Senior is hoping to go OOS so if it works out, we'll use Federal loans for that. [/quote]

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