<p>^^^^</p>
<p>Very true…very good advice. You all need to be dealing with REAL numbers so that an appropriate list can be made. </p>
<p>As mentioned upthread, the schools that give the best aid will likely require the info from all parents and step-parents. </p>
<p>The tuition tax credit is means-tested so one or both sets of parents may not even qualify. </p>
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<p>Your D can only borrow the following amounts:</p>
<p>5500 frosh
6500 soph
7500 jr
7500 sr</p>
<p>So, unless each household takes turn co-signing a bunch of loans, you need to deal with REAL NUMBERS. And, co-signing loans is risky…the student may not be able to pay them back, and parents get stuck.</p>
<p>If you could provide some more info, we can help give more info:</p>
<p>Home state
D’s stats (including SAT breakdown)
schools that she is considering
possible majors and career goals</p>
<p>If you are concerned about how one parent may unfairly get a tax credit, you should be MORE concerned about whether the other parent is going to pay his fair share…that is more important. If he only pays $2k per year and you pay $15k per year…that will be a much bigger issue. lol</p>