Non-custodial Parent's Income and need based financial aid (merged threads)

<p>The colleges I'm looking at going to (mainly privates like CMU, Cornell, Princeton...) all require financial information for both parents. My custodial parents income is about 40,000 from the non-custodial. Non custodial is >150k. I thought I wouldn't receive much in aid but out of curiosity I checked out Princeton's calculator for Financial Aid that includes divorced parents. According to the calculator I would receive around more than 50k in aid. Is this true? I was really surprised and thought the non custodial would have a major impact and get me little to no aid. If this is true does this apply to other privates like Carnegie Mellon?</p>

<p>Princeton gives very generous financial aid (like Harvard and Yale). I suspect that both CMU and Cornell will be less, but you should run the FA calculator for each school you have applied to. CSS/Profile schools use their own methodology to determine aid for each student based on their circumstances. Use should expect to see different results for each school.</p>

<p>When you used Princeton’s calculator, how did you do it? How did you put in each parent’s income? Is your dad remarried?</p>

<p>Also, keep in mind that that P gives unusually good aid. Cornell and CMU won’t be nearly as generous. Use their NPCs to get an idea. </p>

<p>However, I think the NPCs state that their estimates aren’t accurate when parents are divorced or they own a business or there is some other special situation.</p>

<p>I suspect that Cornell and CPU would give you much less aid. They would expect your NCP to pay at least $40k (guesstimate).</p>

<p>BTW…does your NCP pay child support? Will that continue or end when you go to college?</p>

<p>I am reviving this thread on behalf of a friend whose ex refuses to pay. Does anyone know if there is a list of schools that will only evaluate the financial data provided by the custodial parent? The ex is a real piece of work and refuses to cooperate in any way.</p>

<p>I don’t know if there is a list - but just stay away from schools that require the CSS profile. If they are FAFSA only, then you don’t need the NCP info. My son applied to 12 schools - only one required CSS. I didn’t know about the NCP part of it when he applied, had I known he wouldn’t have bothered applying there because there is no way his father would fill out the form. We’ve just crossed that one off our list - and he will decided from the other 11 schools he applied to.</p>

<p>I’ll answer the above posters question, but really it would be better to start a new thread rather than reviving a two year old one.</p>

<p>FAFSA schools require ONLY the custodial parent and spouse if there is a spouse. HOWEVER, there are not FAFSA only schools that meet full need guaranteed for all students.</p>

<p>There are about 300 Profile schools. Some require the noncustodial Profile and some do not. Check the college websites for that information.</p>

<p>HOWEVER, beware that while some schools using the Profile do not require the NCP form, some DO have their own school forms that DO ask for NCP information. AND there are others that clearly state that information about the NCP might be requested later on in the process.</p>

<p>Princeton does not require NCP information if the Custodial Parent is remarried. Vanderbilt and Case Western do not require it, but I think Vanderbilt could request it. C M U will impute $6500/year for the the NCP if the NCP profile is not received. M I T has a request for a waiver form. HTH!</p>

<p>I could be wrong, but I thought Princeton had their own financial aid form and it DID include information about the NCP. This is the first I have ever heard about this not being required if the custodial parent is remarried.</p>

<p>Believe it or not, I found the list!</p>

<p><a href=“CSS Profile – CSS Profile | College Board”>CSS Profile – CSS Profile | College Board;
Will repost in a new thread…</p>

<p><a href=“CSS Profile – CSS Profile | College Board”>CSS Profile – CSS Profile | College Board;

<p>Yes…there are Profile schools that do not require the NCP PROFILE, but there are some that DO use their own forms to gather NCP information. YMMV depending on the school. You need to check each school your child is applying to.</p>

<p>Thumper, Princeton does use their own form…go2mom asked about schools that didn’t require non-custodial parent info.</p>

<p><a href=“http://www.princeton.edu/pr/aid/pdf/1213/PU-aid-app-info.pdf[/url]”>http://www.princeton.edu/pr/aid/pdf/1213/PU-aid-app-info.pdf&lt;/a&gt;&lt;/p&gt;

<p>Separated or Divorced Parents
If your parents are separated or divorced, and the parent you live with has not remarried, you will have one additional requirement to complete your aid application. Both parents
are asked to provide their financial information so we can determine their individual contributions for college.</p>

<p>You and your custodial parent should complete the PFAA on the Web and the Free Application for Federal Student Aid (FAFSA). For the purpose of confidentiality, your non-custodial parent’s information is submitted separately using Princeton’s Non-custodial Parent’s Form, which is available from this office and on our website in printable format. <strong><em>(However, if your custodial parent has remarried, then your stepparent’s information should be included on all forms, and your non-custodial parentis not required to submit an additional application.)</em></strong></p>

<p>go2mom - Yes, there’s a list, and you’ve found it . . . but that list is not definitive. All it tells you is which schools don’t require the CSS NCP form. What it does not tell you is which schools use their own NCP forms instead. </p>

<p>So, it’s a start . . . but before your friend’s child starts his or her applications, one of you should contact each school and ask if NCP info will be required.</p>

<p>Just to be clear, the title of this thread is misleading.</p>

<p>As thumper1 said, many schools do not require the Profile form for noncustodial parents, but do require their own form.</p>

<p>If there’s an unavailable or uncooperative parent in the picture, you need to call the Profile schools you’re interested in to make sure they don’t require their own form.</p>

<p>FAFSA schools do not require NCP info.</p>

<p>I agree, just because the College board does not require the Non-custodial profile, does not mean that the school will not have their own form to complete regarding the income/assets of the non custodial parent. Remember that the student’s parents are first in line when it comes to paying for their child’s education. An uncooperative parent or a parent unwilling to pay is basically saying "let someone else’s parent pay for my child’s education (which is where the need based aid come from-the generosity of other people’s parent).</p>

<p>Back to your original post</p>

<p>Bucknell is listed on the college board as not requiring the profile. However, if you go to the financial aid section on their website, they use their own form to ask about the non custodial parent</p>

<p>

</p>

<p>[Financial</a> Aid Checklist for Prospective Students - Complete List || Bucknell University](<a href=“http://www.bucknell.edu/x64020.xml]Financial”>http://www.bucknell.edu/x64020.xml)</p>

<p>If you want to know what the school requires/does not require, your best bet is to start at the school’s website or contact the FA office directly.</p>

<p>Sorry, I am back I was having trouble with my CC app…</p>

<p>The reason I tried Princetons calculator was because it was the only one I could find that split up the custodial parents income. Too bad other schools aren’t as awesome as Princeton with aid…so do other schools like CMU weight the parents income differently like Princeton does? Because I attempted the calculator with the same income as one household and received far less aid.</p>

<p>XX, Princeton has very generous need based aid and, as you see, very generous view of NCP information. MOST colleges do not have the aid generousity you see from Princeton, and the schools that require non-custodial parent information (regardless of how they collect it) use it. Ypu would be better served trying the net price calculators AND reading the financial aid sections of the school websites for schools that YOU actually are applying to. The NPC sometimes state that they are not as accurate for students with NCP. Bottom line…read those school websites, or give them a call. They will tell you how they deal with NCP information.</p>

<p>@Xxali1096xX - if the calculator itself doesn’t split the income, or at least ask whether you have divorced parents, you MIGHT get a more accurate picture by running it twice, once with custodial parent numbers plus your own savings, and once with non-custodial parent numbers. Then add both EFC together. This doesn’t weight the incomes differently, but it does give you allowance for the base cost of running two households instead of one.</p>

<p>Let’s take an over-simplified example; CP income is $40K, NCP income is $150K, and the base allowance is $60K. Entering each set of numbers separately, the CP has no income over the base allowance and the NCP has $90K over the base allowance. That’s a total of $90K of “extra” income that the college might look at. Entering the numbers together, as if everyone lived in one household, the total income is $190K, which is $130K over the base allowance. Everything else being equal, that would lead to a higher EFC.</p>

<p>That idea comes from advice listed on a college web site, probably either Stanford or Princeton, but now I don’t remember for sure. And this was before the advent of the “mandatory” net price calculators. It’s certainly possible to design a NPC to handle the two households without splitting the income. You should really contact the college directly and ask these questions.</p>

<p>Another thing you have to careful of is not double-counting the child support. If I understood your first post correctly, the NCP might be paying $40K child support out of the $150K, and if that’s the case your parents total income is $150K. </p>

<p>Good luck.</p>

<p>Folks…both Stanford and Princeton have extremely generous financial aid programs. Using information about their financial aid will NOT give you an accurate representation for other colleges. My suggestion…do not use them! You will get very overly optimistic estimates of what your family will be expected to pay for college. Use these ONLY if you are actually applying to Princeton or Stanford. </p>

<p>The OP to this thread should be plugging their numbers onto the net price calculators for THEIR colleges. No, they might not be totally accurate, but they will give an estimate. CMU, and Bucknell but use that non-custodial parent income/assets in their financial aid calculations.</p>