<p>i make over 225K and my daughter wants me to fill out FASFA. I have spoke to finaid departments at two schools she has been accepted(both out of state). She received max scholarships(merit). The finaid folks told me that she would not qualify for any more finaid(need based) as my income was too high. She still wants me to fill out FASFA but i see no need to do so as "from the horses mouths" it was doubtful anymore $$ would be given. Any thoughts..</p>
<p>Sounds more of a waste of time for you..</p>
<p>225k? Are they hiring? haha.</p>
<p>Financial aid is need based. I doubt universities will think she needs more money. Even the most expensive private schools will only cost about $50,000 a year tuition+room/board+supplies etc. Plus, she already received humongous scholarships. </p>
<p>At this point, your daughter wouldn't get more financial aid even if you made 100K. Or even less.</p>
<p>You could alway just double check and at least prove to D that you dont qualify by doing a fafsa estimate - google this and it'll take you right to the site. It took me about 20 minutes to fill it out and get an 'EFC' (expected family contribution)</p>
<p>Our family income is such that I know our children won't qualify for need based financial aid. D is only a jr this year, but we'll fill it out next year anyway. Many colleges determine financial aid based upon the initial FAFSA filing date. If something unfortunate were to happen in the future, that piece will already be in place. It seems to me that the time spent filling it out is pretty cheap insurance.</p>