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College and University Discussion
Reply to "Do the super wealthy fill out FAFSA? "
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[quote=Anonymous]We did fill it out even though our income was too high to get any financial aid. All of our kids went to out of state schools and we had them take out what used to be called the old Stafford loans every year. They were able to get 5-8k per year. They are not tied to your income and you need to fill out the Fafsa to get them. Between these federal loans and merit aid our kids got, the out of state price came close to in state for us, which was what our deal with our kids was. It ended up being about 30k for 4 years. This gave our kids some responsibility and ownership for paying for the out of state school. [/quote]
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