What is considered in calculating how much my family can afford to contribute to my education?
Congress has created a formula that takes a number of factors into consideration. Among them are a family’s total taxable and nontaxable income including the student’s income, family and student’s assets, the number of persons supported by the family income, the number of dependents in college, and the age and marital status of the parents.
Related Questions
- What can a family do if there is a significant change that adversely affects the familys ability to contribute to the students education?
- What is considered in calculating how much my family can afford to contribute to my education?
- We’re an average family. Can we afford the cost of an independent school education?
