Reply to "Fasfa tips"

2013 Parent100+ posts

quote:
Originally posted by Hawk19:
quote:
any tips on how to negotiate with private schools???

Your best bet with private schools is 'merit' based aid. If you're looking for 'need' based aid then money in the child's name really hurts, money in taxable accounts is considered next.

Being old (like me!) and near retirement doesn't really help much since it is probably the time in your life when you assets are at there max value...

It doesn't seem fair that they seem to consider any money you have as 'available'....

There was an article recently (that I can't immediately put my hands on) regarding how obsolete the formula has become for calculating Estimated Family Contribution. It's a very old formula, and is clearly far from accurate for today's families. I'll try to find the link.

1/5/121:03 PM

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