Quote:
Originally Posted by AGDee
When I was talking to a co-worker about financial aid issues, since my daughter has Ivy League aspirations, she said it this way "FAFSA says you can contribute a certain amount no matter what the cost of the school is" and I realized she was right. Of course, my daughter could end up with tons of debt in student loans, but if she becomes the next JK Rowling (as she hopes to), that shouldn't be a problem.. lol.
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If your daughter is serious about going to an Ivy, most of them have changed their financial aid policies where students from families making below a certain amount (forget what it is offhand, but it's a pretty average middle to upper-middle class 2-family income) don't have loans as part of their aid packages. She's still a few years off from college, so more of their peer institutions will probably step up to the plate by then.
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