high middle class kid

<p>hi, i am wondering if would qualify to get some money. I am a twin. We are both attending college next year. My parents make a little over 200k. The schools i am looking costs well over 40k a year. my brother is looking at schools in that range too. What kind of scholarships would i qualify for?</p>

<p>Go online and search on scholarship sites like collegeboard.com</p>

<p>thanks</p>

<p>zoo, there are generally two types of outside scholarships, those based on need and those not considering need. To see if you qualify for the former, run one of the FAFSA calculators (<a href="http://www.finaid.com)%5B/url%5D"&gt;www.finaid.com)&lt;/a>. Just looking at your numbers, it's possible you don't, but salary is not the only factor in the calculations. Of course, you can apply to any of the scholarships that don't take need into account. My D got three scholarships this year, none were based on need. Take a look at local scholarships, the are usually for less money, but you will have a better chance of getting them. Good luck.</p>

<p>For private colleges that use profile, we need to know more than income. Assets matter too, such as if they have equity in a home and investments. If all they have, and you, have is their salaries, you may get a small amount of need based aid if you both go to expensive schools.</p>

<p>the site says i have to pay 35 thousand a year. NYU and some private schools cost around 50k a year. Are schools required to help me get the other fifteen thousand?</p>

<p>
[quote]
Are schools required to help me get the other fifteen thousand

[/quote]
</p>

<p>No they are not.</p>

<p>Some schools say they will meet full need. Many do not. Private schools that cost $50,000+ generally use profile to establish your EFC so the $35,000 is probably not accurate.</p>

<p>If you do a search on NYU on CC you will find they are known for poor financial aid.</p>

<p>And just so you know, the percent of US households that fall in the $150,000 - $200,000 income level is 3.17%. No where near middle class. Unfortunately, this means that your parents will be paying big bucks for college tuition.</p>

<p>Not necessarily. Almost any good student can get major merit money by taking even one step down in prestige. If zoolander and his parents don't want to do that, then it is a choice to pursue a luxury--not a question of abandoning a necessity.</p>

<p>EMM1,</p>

<p>Could you define what you mean by "one step"?</p>

<p>I'm not EMM1, but am aware that if students go one tier down from colleges that are matches for them, they greatly raise their chances for merit aid. For example, a student whose match school is Emory, which is a tier one school according to U.S. News, they may be able to get merit aid from a Syracuse U or American U, which are in tier 2.</p>

<p>Since my life is infinitely interesting, I will use my own S as an example:</p>

<p>Admitted to Bentley with no merit aid, substantial (10-16K) packages from Northeastern, Randolph Macon and College of Wooster.</p>

<p>Now, perhaps one thinks that the prestige of an Ivy or high NESCAC-type school is worth the extra cost. That's an individual decision. My point is that you have no complaint, because a perfectly adequate alternative--the one accepted without question by the vast majority of Americans--will always be available at a much lower price.</p>

<p>What weenie said. With 200K + income, your family is in the top few % of family income in the US (remember that the average family income is around 46K).</p>

<p>So who do you expect to foot the bill for subsidizing your education? The (considerable) taxes your parents pay go to subsidize the educational costs for the more needy, not the other way around.</p>

<p>Look for merit aid.</p>

<p>Zoolander, I would guess that your EFC would be somewhere between 30-35 grand, which means you'd probably get a package of 10-15 grand, but there is a good chance that at least $5,000 of that will be loans/workstudy.</p>