<p>I know the Ivy schools have recently introduced new policies that would give aid to families making as much as $180k per year. My family presently earned only $40k this year but due to their business, has assets valued at over $600k and some money in the bank. I am not whining or complaining about the possibility of not receiving aid, in fact, I highly doubt I would, but I was just wondering if having that level of assets pretty much eliminates the potential to receive aid? Also, I am not even factoring home equity since I hear most of the FA offices don't include it when running the numbers.
Thanks.</p>
<p>Go to [FinAid</a>! Financial Aid, College Scholarships and Student Loans](<a href=“http://www.finaid.org%5DFinAid”>http://www.finaid.org) and run the FAFSA calculators. This will give you an estimate of your situation. There also are CSS Profile calculators available on the web that will help you guesstimate what the private colleges that use the Profile might expect you to pay. Business assets (and farm or ranch assets) do make complications, but this is nothing that the financial aid offices haven’t seen before. Talk to each of them in person, and ask what additional materials they will need from you.</p>
<p>Good Luck!</p>