<p>I'm kind of in a difficult situation with college in terms of how to pay for it, especially if I get into a private college which tends to be much more expensive then state ones would I qualify for financial aid from the college even though my Father may make more money then their minimum qualifications but not enough to pay out of pocket for their tuition?</p>
<p>Well, that’s not too specific. With an ambiguous question like that, I’ll give you an ambiguous answer: Maybe. If you’re talking about Harvard and an income of $120k, I’d say yes. If talking about Northwestern and income of $100k, I’d probably say no. It really depends on the situation, be specific.</p>
<p>My Dad makes over $200,000 a year, however some of the schools I’m looking at and are recommended to me range in price from $33,000 to about $50,000 and my Father still has to put my sister through college. In addition my father is beginning to get up there in years as he is in his early to mid 60’s and wants to retire soon.</p>
<p>Try the EFC calculator at [FinAid</a> | Calculators | Expected Family Contribution (EFC) and Financial Aid](<a href=“Your Guide for College Financial Aid - Finaid”>Expected Family Contribution (EFC) Calculator - Finaid). You will likely find that with your father’s income and savings, your EFC will be greater than the cost of attendance at the schools you are considering, so your Financial Aid need will be 0.</p>
<p>You should concentrate on merit aid and external scholarships.</p>
<p>Your income of $200,000 is about 3 1/2 times the annual family income in this country. You need to have a discussion with your family regarding what they will provide annually for your college education expenses. You don’t have enough information here to even know what’s what. Perhaps your family has a huge college (or other) savings that they have set aside for college for you and your sister. Perhaps your parents are planning to take out home equity or PLUS loans to assist you. Perhaps they are only able or willing to contribute a small amount annually. </p>
<p>You need to get a financial answer from your parents (without guessing) BEFORE you apply to colleges.</p>
<p>The financial aid calculators do not consider future siblings’ college expenses…only expenses of siblings enrolled in college at the same time as you.</p>