Reply to High EFC -- not sure I did the FAFSA correctly

Forum Index » College and University Discussion

Reply to "High EFC -- not sure I did the FAFSA correctly"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I’m still confused. If we make 250k AGI and have 1.5 million in assets (outside of retirement accounts and home) we aren’t getting financial aid right? I’m certainly not expecting it, even at schools that are 85k/year. Am I missing something though?? [/quote]

There are a few schools that require you to fill out Fafsa or css in order to get merit.  I have 3 kids, none of the 30+ schools they applied to required fafsa to get merit.

[b]Only reason someone in your situation might want to fill it out is in case your situation chances drastically for some reasons[/b].  However, with those assets, it's not likely to make a difference (ie. going to zero income wouldn't change much, they'd still expect you to drain the assets before getting FA). [/quote]

No, if they fill it out their children get access to the federal unsubsidized loans which start at $5500 a year for about $26,000 total.  Both of my children took those out.  We received no merit and no financial aid[/quote]

Right---the access to loans is the other reason. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics