Even High-Income Families can Qualify for Aid

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Most families believe that financial aid is need-based.  Thus, many families mistakenly believe they won’t qualify for financial aid, basing that belief on the fact that they make a ton of money or have quite a few assets.  Unfortunately, they fail to apply for aid.

As a result, they lose out on money for which they otherwise would qualify. 

They lose out on merit-based aid because they failed to file the Free Application for Federal Student Aid (FAFSA) and, where applicable, the College Scholarship Service Profile (CSS Profile) Application.  Merit-based aid includes athletic scholarships, art and music scholarships, STEM-based (science, technology, engineering, and mathematics) scholarships, community-service based scholarships, religious-affiliation scholarships, and more.

Even high-income families may qualify for need-based aid.  A school may not consider the non-custodial parent’s income and assets.  The actual cost-of-attendance may be higher than the Expected Family Contribution, allowing the family to qualify for need-based aid.  Likewise, the number of students a family has in college can result in qualifying for need-based aid.

File those financial aid forms.  If you fail to do so, it’s a sure bet you won’t receive the money that your qualified to receive.

Contact us for help in developing your college planning campaign.

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