Recently I met with a family regarding financial aid for the coming year for their daughter, who was going into her first year in college in the fall. The financial aid process can be confusing, to say the least. This particular family, on their most recent tax return, had an Adjusted Gross Income of over $200,000. The student hadn’t received very much of a financial aid offer, and the parents were incredulous that the school wanted them to contribute over $25,000 for their student’s first year of school. The parents maintained that they simply did not have the money the school thought they should be able to contribute. With that situation in mind, I thought it would be a smart […]