Help me understand how Lower income but Frugal Savers are being penalized by NEW College formula...

[OverRunMama]

I did the calculator one more time with our income on w-2 as $ 64,465 … and got :

Alumni Scholarship - $12,000

Pell Grant - $3,680

State Grants - $4,000

Other Gift aid - $20

Estimated total gift aid - $19,700

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Estimated Net Price $18,200

Estimated Direct costs - $16,000