4 months ago
Paying for College

financial aid

hey everyone, so I've been exploring different financial aid estimators of colleges and never qualify for much or any aid at all. The problem seems to be the assets and other non-taxable income that my parents hold and they take quite a while to convert to money and their income itself can't completely cover all the costs of my education. Does anyone have any clue about how I can go about this? Thank you.


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2 answers

Accepted Answer
4 months ago

How you can go about what? Saving more for college or getting more financial aid from school? There's honestly not a whole lot you can do, but it also doesn't sound like you've actually applied + been offered an aid package yet right? If that's the case your parents can try to shelter some of their assets. Check out this link: https://www.cappex.com/articles/money/how-to-shelter-assets-on-the-fafsa.

Until you actually apply to schools, get accepted, and see the financial aid packages you are offered there really isn't much else you can do. Once you know what your actual aid offer is going to be for a school you can try and negotiate a better one if needed. Here's some links which help break down how to do that: https://blog.collegevine.com/how-to-negotiate-financial-aid/ and https://www.collegevine.com/livestreams/8/how-to-negotiate-financial-aid-and-scholarships-with-colleges

4 months ago

Some colleges do allow you to inform them about your "situation". The first thing I'd do is to contact the financial aid office of the colleges I'm interested in. Email or call them. You can also apply and then try to negotiate them for more financial aid (as Shaquille wrote).


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