Reply to At what income are you unlikely to get any aid?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Got some aid with 300. It depends on the school.[/quote]

+1 230k $27,500 financial aid/ not merit. Parent contribution $47k. School doesn’t count home equity. Told child can only apply to schools that don’t count home equity, in state or OOS w/ merit.[/quote]

I'm relieved to hear this. Our dilemma is going to be how they calculate aid for divorced parents.  It's hard to figure it out from the school net price calculators. Does anyone have any experience with this? [/quote]

Yes.  First of all, seriously consider the schools that only require to report the income of one parent (usually they only require you to fill out FAFSA), or might be more advantageous to divorced/remarried parents - e.g. Princeton, UChicago (do check what their latest rules are, it's on the websites).  Otherwise, assume the worst - the income/assets of step parents will be counted in as well, and check with each specific school.[/quote]

In CA, state schools consider only FAFSA of the custodial parent. It's not unusual for kids to receive enough FA to cover full tuition and fees if the custodial parent's income is lower.  Non-custodial parent's income/assets are not counted.  For privates, you need custodial FAFSA and both parents' CSS.

In the case of remarried parents, I believe most privates want income/assets of both biological parents as well as the step-parent(s).  For Columbia, they want step-parent(s) in order to accurately segregate biological parent(s)' income/asset.  They ask for, but do not count, step parent(s).  If this is your scenario, always confirm with the school as this info may be dated.  [/quote]

PP.  not all privates require CSS of non-custodial parent, that was my point.  UChicago did not ask us for bio father's, but I don't remember whether that was because I was married.  Princeton did not ask for bio father's because I remarried, so they only counted one family's income - me + step-father.  Ursinus did not ask for CSS at all.

On the other hand, UMich asked us to fill out CSS, both parents, even though it's a public school. [/quote]

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