First off… love your avatar. second, thanks for the input. We are a a little apprehensive about cost… but hopefully it will all work out.
Williams is one of the most generous colleges in the country for low income students, so I’m not surprised the net cost to you is low.
Even if you don’t get Pell, Williams would cover most of the cost.
This doesn’t sound like a business with many assets but if he has a ton of equipment, a studio, large deductions against income, anything like that, be aware that NPC results can be pretty off.
If you create a collegeboard account and save the info from the first NPC you submit, you can do several different NPCs without having to enter everything over and over. You can also try it with and without the business expenses, and with and without that retirement pullout (to see what later college years might look like).
Also, know that colleges now use income from two years prior to the school year. So a student enrolling in fall of 2018 will get financial aid based on income from 2016, in 2019 it will be 2017 income, etc.
https://bigfuture.collegeboard.org/pay-for-college/tools-calculators has a lot of NPCs you can try. I wouldn’t mess with the EFC calculators, just the net price calculators.
"Also, know that colleges now use income from two years prior to the school year. So a student enrolling in fall of 2018 will get financial aid based on income from 2016, in 2019 it will be 2017 income, etc.:
that is very good to know because the two years before were pretty bleak… finally things started to turn around for us.
PS: It can be really helpful to have a financial safety school that you can definitely afford as a backup. For my kid this was Temple U in Philly, for a lot of CC kids it’s Alabama, or one of the schools here: http://automaticfulltuition.yolasite.com/
Full tuition leaves room and board and books/travel/misc and that could be covered by a federal student loan, your contribution and student work. Many of these schools take early apps too, so that could be sitting there in his pocket while he applies to Williams-ey schools and waits for acceptance and financial aid.
The should add SUNY Fredonia for New Yorkers
Who are you talking to in post 24? Any chance this was posted to the wrong thread?
yup…