Please Help! Undergrad School's Rankings importance?

[bluebayou]

<p>yes, fafsa uses last year’s income. But, the assets used by (fasfa and Profile) are on what $$ is in the bank today or whatever day you sign it. Thus, you can file fafsa/profile today, with 1.5 million less than you had last week. </p>

<p>Of course, if you still have another seven figures available…and/or income was $200k+ last year…</p>

[djscoffee]

<p>exactly…</p>

<p>Wait, so why is King’s a bad idea?</p>

[bluedevilmike]

<p>… so a single year off fixes FAFSA nicely and brings everything back into order, right?</p>

[djscoffee]

<p>I believe it usually does, but in my case I really don’t think it will in time. We have extra assets we are selling off etc…</p>

[bluedevilmike]

<p>Hm. That can be tricky depending on how your family has set the basis for its capital assets – if they’re selling things at a profit then yes, the IRS (and FAFSA) are probably going to count those as assets. If they’re selling them at a loss or at break-even because they need the liquidity, then the IRS isn’t going to consider it income, and I believe FAFSA will follow that.</p>

<p>Anyway, the folks above chatting about King’s seem to be NY locals who know more about it than I do.</p>

<p>If I were in your shoes I’d take a year off and work at some kind of character building job.</p>

<p>I wrote the following a little while ago to a pre-law student:

You know what I kind of wish I had taken a summer to do? Work a “real job.” Something like waiting tables. Customer-service oriented, running around frantically all the time, learning humility and diligence and what it really means to be tired and to have people being rude and impolite to you.</p>

<p>Spend your evenings studying for the LSAT and writing a personal statement, and be ready to go with applications when the time comes.

</p>

<p><a href=“http://talk.collegeconfidential.com/law-school/1099929-what-do-summer-after-junior-year.html[/url]”>http://talk.collegeconfidential.com/law-school/1099929-what-do-summer-after-junior-year.html&lt;/a&gt;&lt;/p&gt;

[djscoffee]

<p>Okay, can anyone think of any schools that offer merit aid to transfers? Or that just aren’t that expensive?</p>

[zaprowsdower]

<p>I think you can find out on meritaid.com if you sign up for a free account. </p>

<p>

You know what I kind of wish I had taken a summer to do? Work a “real job.” Something like waiting tables. Customer-service oriented, running around frantically all the time, learning humility and diligence and what it really means to be tired and to have people being rude and impolite to you.

</p>

<p>LOL, I guess this sounds like a good idea to someone who has had the luxury of never having to work such a job.</p>

[bluedevilmike]

<p>It’s one of those character building things. Even if it’s unpleasant at the time (and it doesn’t have to be), hopefully it’s one of those things you learn from. For a summer I feel like it would have been a very good thing for me to have done.</p>