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Money and Finances
Reply to "college savings were less than i thought. "
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[quote=Anonymous]One thing no one has mentioned is that even if your income is too high to make you eligible for federal student loans beyond the standard unsubsidized loan any student can get if they fill out the FAFSA, CSS profile schools may still give you need based financial aid in the form of grants. Specifically, you may qualify for some need based aid because you have multiple kids in college at once. The FAFSA calculations don’t care about multiple kids in college at once but CSS calculations (which are individual to each school) do. We have 2 kids who will overlap for 2 years. The first 2 years our oldest was in college our DD qualified for no aid, but when her sister went to college both of their schools—neither of which gave merit aid// gave roughly $20k/year in grants. What you can expect from CSS schools varies wildly, but typically the well resourced and higher ranked schools are able to be more generous. You have to run the calculators on each school’s website though. [/quote]
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