Personal Consumer Issues • Re: College Costs

If your income is below 175% of Federal Poverty Level ($55k for a family of 4) FAFSA will skip all asset questions and the Student Aid Index will be $0.

A year at UC Berkeley for an in-state student costs $47k. I fully intend to engineer my income to fall below the aforementioned threshold so that I will receive $37k/yr in grant (not loan) aid.

I am hoping this is the answer. Either (A) I/wife are still employed and our employer/cash flow college, or (B) I/we are unemployed and we engineer income to below $50K. What I fear is option (C), one of us is employed other is unemployed and we end up in donut hole without enough cash flow and above $55k income.

Statistics: Posted by life_force_prana — Thu Aug 08, 2024 12:48 pm

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