Reply to Affording College with HHI $100-$200k

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]That’s a big range OP 100k-150k will qualify for some aid. Above that the aid decreases and at 200k you’re at the start of the donut hole. Your strategy will depend also on how much money you already have saved, how many kids you have and how old they are. Also if they are stellar with top scores and grades. I would figure out how much money you can afford for college and then create a strategy from there [/quote]

These rules are changing. FAFSA is no longer taking number of children into account when factoring eligibility for financial aid.

https://www.cnbc.com/amp/2023/08/28/fafsa-heres-whats-new-about-the-college-financial-aid-application.html[/quote]

FAFSA is of no help to anyone but the poorest.  The financial aid that middle class families get is the money from the colleges themselves, and they are not bound by FAFSA rules.[/quote]

And even for low income students all they can get in federal aid is Pell grant (at the most $7k/year), and to not pay interest on federal loans while in school. Other need-based comes from the schools, if they have the money to give. I work with low income/first gen students on college applications and, other than extraordinary students who are competitive for very selective/need-aid-generous schools, the most common path is the local college, living at home. Or they/their parents take loans to go to another public U.[/quote]

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