We received 70% at 155k for our son and are so grateful. We will struggle with the 30%

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We did not get any with 200K HHI and one child. But we do have a lot in savings so YMMV.

Why wound you even apply for aid with a lot in savings? I'm so confused.

We were hoping to use it for other things. Like home renovations. Apparently we would have been better off having spent that money already than living frugally to save for things.

BTW I am not complaining. We can afford it and live with the 80s bathrooms and kitchens. No problem. But everyone suggested we at least apply for aid based on our income.

You think you will get aid on $300K? Get a sledge hammer and DIY.

I am not OP. We are 200K HHI

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We did not get any with 200K HHI and one child. But we do have a lot in savings so YMMV.

Why wound you even apply for aid with a lot in savings? I'm so confused.

We were hoping to use it for other things. Like home renovations. Apparently we would have been better off having spent that money already than living frugally to save for things.

BTW I am not complaining. We can afford it and live with the 80s bathrooms and kitchens. No problem. But everyone suggested we at least apply for aid based on our income.

You think you will get aid on $300K? Get a sledge hammer and DIY.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We did not get any with 200K HHI and one child. But we do have a lot in savings so YMMV.

Why wound you even apply for aid with a lot in savings? I'm so confused.

We were hoping to use it for other things. Like home renovations. Apparently we would have been better off having spent that money already than living frugally to save for things.

BTW I am not complaining. We can afford it and live with the 80s bathrooms and kitchens. No problem. But everyone suggested we at least apply for aid based on our income.

Anonymous wrote:

Anonymous wrote:We did not get any with 200K HHI and one child. But we do have a lot in savings so YMMV.

Why wound you even apply for aid with a lot in savings? I'm so confused.

We were hoping to use it for other things. Like home renovations. Apparently we would have been better off having spent that money already than living frugally to save for things.

For FA it's overly simplistic to look at HHI only without savings and assets, unless the latter is considered typical.

Anonymous wrote:We did not get any with 200K HHI and one child. But we do have a lot in savings so YMMV.

Why wound you even apply for aid with a lot in savings? I'm so confused.

We did not get any with 200K HHI and one child. But we do have a lot in savings so YMMV.

Anonymous wrote:A family making 300k with one child simply does not need FA. You may want it, but you don’t need it.

sure, but schools are happy to give it to kids they really want.

I know of a family with one kid getting a lot of FA and the working parent makes over $300k. But there are significant extenuating circumstances that make it reasonable. I don’t want to get into the personal circumstances but it is not what any family would want to go through. And the child is an academic super star.

How much does our home value factor in? Ffx Co real estate values have jumped hugely in the last two years. Ours went from $700k to over $1 million, but our HHI is a little over $200k.

A family making 300k with one child simply does not need FA. You may want it, but you don’t need it.

It depends tremendously on the school.
There are schools that give aid (one kid) up to $350K or even higher.
There are schools that have a cut-off of $200K.
For the schools with deep(er) pockets, it also depends on how much they want the kid.

I don’t think there is a cutoff (though 300 seems very high). It depends on your expenses.

Assuming parents are not divorced and maintaining separate homes, what is the highest HHI that someone in HCOL metro area could expect to have and get some FA for MS or HS? Is 300K the cut-off?