<p>Let's say both parents make 53K a year total, and have about 20K in savings, retirement, etc. And do not own a house, or pay rent because your home is included as a perk of the job. How will these things affect the FA decision?</p>
<p>I should also add, that no other costs associated to the home are the parent responsibility, such as power and water.</p>
<p>If you get in, you will be put on full financial aid because the household income is less than 75k. I hope I answered the question correctly.</p>
<p>Only some schools have the <$75,000 full aid policy.</p>
<p>It depends on the school. And some schools will require a parental contribution, even if it is a minimal amount.</p>
<p>Try plugging in the numbers in the FA estimator on the websites of some schools (Exeter, SPS etc). Your family’s financial situation doesn’t sound too complicated, so the estimator can give you a good idea how much FA you should expect from top schools. </p>
<p>Job perks such as this would likely be counted as income. The low savings would not really affect anything (i.e. you would probably not be expect to use any of the savings, unless they are in the student’s name).</p>