<p>I'm in something of a bind for financial aid for college... my family technically falls under the $500,000+/year category, so I never though I would be eligible for any sort of financial aid, but now my dad is getting sued for 6 million dollars and can't pay for my education. But we still fall under that not-at-all-eligible number. Am I totally lost here?</p>
<p>I’m guessing here, but I don’t think college financial aid offices would take that into account unless there was actually a legal judgment levied against your family’s assets and income.</p>
<p>You should look for schools that will offer you merit money, not dependent on financial need.</p>
<p>Hope your dad has some kind of insurance just in case…that will deal with this.</p>
<p>I will tell you…during one of our kids’ times in college we were involved in a very lengthy and expensive lawsuit…lawyers are NOT free. Didn’t matter to the college AT ALL.</p>
<p>As noted by others…look into schools with merit aid. Also talk to your parents. I know that IF our income had been that high, we WOULD have had college savings for our kids.</p>
<p>Unfortunately, a lot of families with incomes that high assume they will always be there and that they will be able to pay for college from current income. Also, the college fund, if there is one, might be reachable by judgment holders. </p>
<p>Sent from my SAMSUNG-SGH-I897 using CC App</p>
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Not if it’s spent before the judgment is handed down.</p>
<p>I wish I knew the details of it all but nobody will tell me…
I’m going to go for merit aid everywhere I can, and my dad says that if I have to work for every credit I take I’ll value my education more, so I guess we’ll see.
Thank you all for the input.</p>
<p>Do a search for a thread by momfromtexas…it’s an OLD thread but the strategies she used to find merit aid for her kids still hold true. Many of the awards she speaks of have likely changed…but read the STRAGEGY…it’s a good one. And don’t dismiss your own public universities in your home state.</p>
<p>I know this is from forever ago, but I just wanted to update my situation in case something at all similar applies to someone else. My parents split up so I ended up living with my mom, who makes virtually no money, and my dad files FAFSA under non-custodial parent, so I don’t think his income was taken into account or something because I have gotten way more financial aid than I was expecting - especially from NYU, who’s known for their bad financial aid and who I got $38K/year from.</p>
<p>Your dad doesn’t file FAFSA as non-custodial parent. A NCP doesn’t file FAFSA at all.</p>
<p>however, I thought that NYU was starting to use CSS Profile with NCP info? or maybe not?</p>
<p>Anyway…congrats on the amount. Make sure that NYU won’t be asking for your dad’s info at some point.</p>
<p>How are you going to pay for the remaining $20k or so per year???</p>
<p>While dad did not need to file the FAFSA as the non-custodial parent, NYU does require the non-custodial profile, which dad should have filed. </p>
<p>Keep in mind that you must refile for FA each year. If there was an oversight this year, you may not get the same aid next year (you may even end up having to repay aid if it was given to you erroneously due to incomplete information).</p>