Hi @lemonlulu - yes, you’re right. When it comes to need-based, non-loan financial aid there are certain levels of income and assets that disqualify you for aid… and those levels are far below the ultra-wealthy. But it’s not “assets only” as as mentioned before - not all assets count the same - home equity doesn’t count for FAFSA but is included by many private schools. @happymom1 has provided the link to the EFC formula but you might also just take the most expensive school you are considering and use their online EFC calculator to figure out if you have any chance of aid. One thing to consider, though - some schools won’t offer you merit aid unless you fill out the financial aid paperwork. So even if your family doesn’t qualify for need-based aid you might find it’s worth filling out the FAFSA/CSS forms to ensure you qualify for all possible means of tuition help! 