Learning Library Quick Answers Financial Aid Planning

Should I take out a Plus loan or get one from a private lender


Scenario: What are the advantages and disadvantages of a parent taking a PLUS loan vs. going to a private lender, letting the stud....

Should we apply for financial aid if our income level is high?


Scenario: Our family income is $70,000 and we have home equity of $40,000. My daughter is a good student with a GPA of 3.8. Her hi....

Should we apply for financial aid if we have a large amount of assets?


Scenario: A client was told by another advisor not file for financial aid because they have too many assets. Should the client not....

Under what circumstances can real estate, either personal or rental, be discounted on the FAFSA or Profile?


Answer: The forced sale within 30 days rule can be used for all assessable assets. It typically applies more to real estate and bu....

What are my chances of getting a scholarship to Harvard?


Scenario: I'm in the top five percent of my high school class and have a ACT score of 29. I have a four-year scholarship to Iowa S....