Need Based Aid

<p>After lurking at the old boards and now these, I know I have to do the FAFSA to get an accurate EFC, and I can do the online estimators to get an idea. </p>

<p>What I am wondering is if anyone has experience on need based aid at schools like Lynchburg, Goucher or JMU when the parents make $50-$60,000 for 2004, but one has lost a second job that was about $20K a year at the end of the summer. Home equity is about $90K and what little savings there was, is quickly dwindling due to the job loss and other circumstances. (about $2000 left at this point). No investments, no retirement.</p>

<p>Father is self employed, but it is in the travel industry and we know how that has been since 9/11 (which was the reason for the 2nd job)</p>

<p>Is there any hope?</p>