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Article: Don't Short Change Financial Aid.(student financial aid)
- Article from:
- Kiplinger's Ask Kim Web Column
- Article date:
- August 11, 2005
- Author:
CopyrightCOPYRIGHT 2005 The Kiplinger Washington Editors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Kimberly Lankford, Kiplinger Washington Editors
My son will be starting college in a few years and I think I earn too much to qualify for financial aid. Is it still worthwhile to file the financial aid forms?
It's definitely worthwhile to submit the forms. You may qualify for more than you expect, especially if your son wants to go to a pricier private school.
For example, 93% of students in the class of 2008 at Princeton who applied for financial aid and whose families earned between $120,000 and $139,999 a year were eligible for aid. The average grant was $14,000 (grants are higher for families who earn less).
In 2004, almost ...