<p>I know that financial aid is based on a number of factors (income, parent age, financial assets, etc...) but any idea at what income level it makes applying for financial aid not worthwhile</p>
<p>Give more information. If you have 15 kids in college and make 250k , you should apply. If you have 1 kid in college and make 250k it is probably not going to get you anything. </p>
<p>IF you have 15 kids and make 1m- probably no need to apply either.</p>
<p>Princeton</a> University | Who Qualifies for Aid?</p>
<p>Princeton may be the most generous on need based aid, but other top schools aren't far behind.</p>
<p>Even if you won't be getting need-based aid, a lot of schools require that you fill out one of the financial aid forms, or their own form, to get non-need-based aid. Also, if circumstances change in the future, some schools won't give aid unless a form was filed for the freshman year. It's usually a good idea to fill out the form used by a school even if you think you won't qualify.</p>
<p>Thanks - very helpful. When should I fill it out? My son applied ED - is it too late?</p>
<p>if no other siblings in college, is it safe say you won't get any (no special circumstances) if you combined income is >150k</p>
<p>Malishka, </p>
<p>If someone has 15 kids in college @ $50k each, they are aleady paying $750k a year. Assuming no significant assets, and normal tax rate, I think they might qualify for some FA.</p>