<p>State Tennis, MVP of the year</p>
<p>Have you considered pursuing a tennis scholarship?</p>
<p>Will your high school coach help you with that?</p>
<p>Thank you so much mom2collegekids! You are too sweet. No, I will see how things turn out. Rhodes will still be amazing. Their campus is gorgeous, and I am infatuated with Memphis BBQ! haha It is just easy to get caught in this whirlwind of Ivy admissions and such; it really is toxic. I think I will be a lot happier with some money in my pocket! haha Thank y’all!</p>
<p>Is the warehouse part of a business owned 50%+ by the family, and with less that 100 employees? If so it should not be reported on FAFSA at all.</p>
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<p>it would probably have to be reported on CSSprofile for any schools that require that though.</p>
<p>As far as I know, the free lunch program is based completely on income-- not assets. No fraud involved whatsoever.</p>
<p>And Jahaba, it’s a family. The question on the FAFSA is whether or not someone in the family gets free lunch. It doesn’t have to be the student. It is primarily a program for school-aged people so, once the FAFSA applicant is in college, most people who qualify are probably qualifying based on younger siblings</p>
<p>I think you’ll like Rhodes. </p>
<p>One of my older son’s friends is there. She’s pre-med and loves it. </p>
<p>Keep in mind that every state in the South is different, so you will experience a different lifestyle then what you’re used to. We love Memphis (and their BBQ.)</p>
<p>BTW…to give you something else to look forward to… :)</p>
<p>Look into some cool study abroad opportunities. Right now, money is tight for your parents, but (hopefully) in a year or two, the economy will improve, and you can go on a semester abroad and/or a faculty-led summer abroad to a fascinating place!!</p>
<p>What is your likely major/intended career?</p>
<p>I would like to study science and then some kind of cultural study/literature. I am really interested in molecular biology and neuroscience at Rhodes. 
If this isn’t too much of an imposition, do you think your son’s friend would mind if I sent her a message on Facebook? I would just have some questions for her. If you think it would be okay, I would love for you to PM her name. I am sooo excited for college!!!</p>
<p>My D is like you, as are MANY MANY other kids. She will probably not get into schools within the top 10, but she hovers on the edge of those stat. But she should be accepted at schools in the 11-30 ranking range. HOWEVER…she probably won’t be attending those schools, which includes her dream school. Instead, she’ll attend the in state Uni at 1/2 price to full ride. It is NOT her first choice, just like you. BUT…we just don’t always get what we want. I also have a business, and I understand how it LOOKS like I have a lot more money than I do (various reasons). Having the numbers on the paper doesn’t mean you can pay the bills. And being able to pay the bills doesn’t necessarily mean you can AFFORD it. For most people…a $60,000/year education is WAY WAY out of the realm of possibility. That’s just how the cookie crumbles. </p>
<p>Sounds like, if your father earned $240,000 at one time, you’ve had a nice life. And it’s always hard to move backward…regardless of where your decimal place started. But know that EVERYONE is downsizing right now. Every government and school, family and person. It’s a sucky situation to be in, but, as you said, it could be much worse. Maybe, in 2 years, things will be looking up and you can try to transfer. That’s one factor under discussion at our house. If not, you got a decent undergrad education, little to no debt…and you go from there. Hopefully your generation will NOT make the mistakes that our current companies/government/employers/borrowers are making…and it will be easier when you are putting your little ones through school. </p>
<p>I know you WANT a different answer, but there are a lot of gifted kids out there “taking one for the (family) team” right now. </p>
<p>Luck to ya. It’s all good.</p>
<p>@Helvetica… There is a poster here “Curmudgeon” his Daughter had a wonderful time at Rhodes. I suggest you PM him with any Rhodes questions, he can provide you with great insights about that beautiful college. Curm I couldn’t help myself 
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<p>Hi - my first time posting. I’m a parent. If my husband or I get laid off before my son starts college in Fall 2010, can he resubmit/reapply the FAFSA? since it only asks for last year’s (2009) income?</p>
<p>You wouldn’t resubmit the FAFSA. Since the answers are based on 2009 income there wouldn’t be anywhere on the form for you to indicate changes that happen in 2010.</p>
<p>You can contact the financial aid office at the school your child attends, explain the situation to them and see if an adjustment is possible. It’s up to the school if and what kind of adjustments can be made.</p>
<p>Others can correct me if I’m wrong, but I think a parent has to be laid off for several months (such as 3-6 months or more) for many colleges to do any adjustment. I think that’s because colleges consider lay-offs as transitory and that the parent will likely get re-employed within 3-6 months. If the unemployment status lingers then an adjustment is made. </p>
<p>I think colleges do this because they don’t want to go thru the whole adjustment process when there’s a lay-off, only to have the parent find employment within a couple months.</p>
<p>OP<br>
Be sure you accounted for your dad’s business correctly–meaning small businesses (under a certain # of employees ) are not looked at as an asset for fafsa…so cash in the business or assets of the small business aren’t factored…perhaps you have an error there.</p>
<p>Check that part of your fafsa and be sure you don’t have errors. </p>
<p>Also if you dad uses a business accoutant and the business has depreciating assets, no income stream etc…you need to be sure that the tax prep/filing is handled correctly…and that you use the right entires form the forms…</p>
<p>If your dad files a business tax return separate from a personal/home return–
the fafsa is a complicated thing…</p>
<p>DH is self employed and the recession has tanked the business. so like you income was different 2 yrs ago than last yr–and 2010 will be worse…</p>
<p>Don’t despair. All is not lost. Find out what you need to do if there are errors on the fafsa</p>