Just curious. I know the cut off point is usually around 250k.
While there isn’t really a cut-off point, usually there isn’t any aid for a student whose family earns $250k either.
Run the net price calculator on each college’s web site.
However, do not be optimistic about getting any need based financial aid.
Look for merit scholarships in your situation. There is no income cutoff for merit aid, and some schools will reward good stats quite handsomely.
Where did you read that?
Financial aid – likely not. Merit scholarships based on stats – depends on stats. There’s a good list of automatic awards here: http://automaticfulltuition.yolasite.com/
Most schools don’t meet need. It means that regardless of how little or how much your parents make, you’re not getting enough aid.
At meet need schools, there’s a cut off at 75k. Then up to 180k there may be some aid at the most generous schools. Finally there are some super aid schools such as hyp where they may offer aid up to 200-250 income depending on circumstances.
If your family 's income is 300k, barring any specific/rare circumstances, you’re not getting any need based aid anywhere.
However you may get merit aid. Merit depends on your stats (especially test scores) in relation to the top 5-10% at the school. A 32/1450 is usually needed for flagships but lower scores can garner merit at schools where you bring some diversity (male applicant to a LAC, female applicant to a STEM school, applying from Iowa or Idaho…)
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Finally there are some super aid schools such as hyp where they may offer aid up to 200-250 income depending on circumstances
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And those special circumstances at those very few “super aid schools” (HYPS) usually mean having 2 or 3 kids in undergrad college at that SAME TIME.
Where did you hear that the cutoff for need based aid is about $250,000 income? Really, that is only for very partial aid, and ONLY at the VERY most competitive and expensive colleges. You wouldn’t get much aid at all with an income in the $200,000 a year range.
And ypumwould,first need tombe accepted which is not a slam dunk at schools that accept 5% of applicants.
Seriously, you need to talk to your parents about how much they’ll spend each year on college.
with that income, they may have a college fund for you.
Do not count on getting ANY aid at all, except maybe merit IF you apply to the schools that give merit AND you have the right stats.
AND…depending on what your parents do for a living, they may have a lot of assets AND their source of income may be a business of some sort, AND that will also have value.
Your other threads indicate that you’re a high school sophomore. Work on your standardized test scores and GPA so you can target colleges that offer merit aid.