$50,000 too much?

Paying for College
1

<p>My parents make about $50,000 per year, is that too much for a scholarship?</p>

2

<p>No, for need based aid. In fact, you can go to most of the most selective colleges for almost free, see [FinAid</a> | Answering Your Questions | No Loans for Low Income Students](<a href=“Your Guide for College Financial Aid - Finaid”>Your Guide for College Financial Aid - Finaid) toward the bottom of the page. Also, look at this page, <a href=“http://www.jbhe.com/news_views/59_financialaid.html[/url]”>http://www.jbhe.com/news_views/59_financialaid.html&lt;/a&gt;.&lt;/p&gt;

3

<p>Montero…I think you’re asking about need-based aid. Grants are based on need (income/assets).</p>

<p>Scholarships are merit based…based on stats.</p>

<p>Much will depend on the schools that you’re applying to. What schools did you apply to?</p>

<p>What is your home state?</p>

<p>=======</p>

<p>edited to add…</p>

<p>I see that you’re not a senior. Are you a junior? What are your stats? (GPA and SAT/ACT)</p>