For every college’s Net Price Calculator, should I put the income before or after taxes?
Also, how much can I rely on these calculations?
I would use AGI. I think the consensus is that they’re generally pretty accurate if you’re not self-employed, don’t have real estate beyond your primary home, and don’t have non-custodial parents to worry about. But as always, garbage in = garbage out.
@BelknapPoint my dad just bought a house in North Carolina that he is renting out until he retires, would that land count as extra real estate… I don’t see a spot to put that in so idk???
Yes, the house in North Carolina that is being rented out counts as non-primary home real estate. If your parent owns it, it gets reported on FAFSA line 91.
And the rent will count as income.