Income Status: What determines it? How much affect does it have?

OK, some ppl say that low, middle class, or high class income families have large impact on admissions

what if, for example, my family works at factories, no college education.

but, we have our own famliy business, and we’re considered middle class
(around 100k)
what would i be considered? what would help/hurt me?

<p>I have heard that low income might have an adverse effect on admissions. I guess it is because then the school has to come up with a good financial aid package for you. They'd rather have middle /high income people that can come with a minimum amount of financial aid. I thought this was interesting.</p>

<p>This might be of some assistance.
<a href="http://talk.collegeconfidential.com/showthread.php?t=45438%5B/url%5D"&gt;http://talk.collegeconfidential.com/showthread.php?t=45438&lt;/a>
Read on, the topic of this thread is discussed.</p>