<p>I think I know the answer to this question, BUT do you think a person coming from a family of an income of about 190,000 a year could expect to see any aid at all? The article said "a student from a family with an income of $150,000 who is eligible for financial aid may receive as much as $5,000 per year in aid instead of a loan of that amount. "</p>
<p>"In an effort to further assist low-income families, parents with calculated incomes below $60,000 will no longer be expected to contribute any of their income or assets to tuition, room, board, and mandatory fees."</p>
<p>Is Calculated income net income or gross income or some other calculation?</p>
<p>pixie: the new fin aid plan is that <em>if you qualify for any financial aid</em>, you won't have to take out student loans, regardless of parent income. The question is whether you qualify for financial aid, which probably hinges on what kind of existing debt your parents have, other expenses, whether they're paying for a siblings education etc.</p>
<p>katzanova: I'd guess it's adjusted gross income, or some variation on it.</p>