<p>Greetings all, I have a few questions. First of all, when ivy league universities say that all financial need is based on need, would I be able to expect anything if it shows on tax returns that my parents gross $87,000 (though they invest a lot, e.g., $20,000 or so, into IRAs)? I know something that will kill me when FAFSA time rolls around is that I personally have around $15,000 in mutual funds and $4,000 in bonds, not to mention a Smart 529 Plan. I'm particularly interested in the possibility of grants, not loans. Also, would I be eligible for the Access UVA program and if so, is the loan amount capped at $15,000 for ALL FOUR YEARS and not PER YEAR? Sorry for the caps, but I'm a little confused about how UVA deals with this. Thanks for your responses in advance.</p>
<p>You would receive money based on the $87K but the personal savings would probably nullify that. If you used all $15 or $20K the first year then you would very likely be provided some grant $ based on an $87K parental income.</p>
<p>I think UVA's cap is around $45k AGI income, be sure you are looking at AGI $ not top line gross on income.</p>