bogm2012 wrote:jd5 wrote:Any guesstimate as to what the cutoff is for parental income above which one shouldn't expect to receive any financial aid? My parents make enough that I never qualified for aid in undergrad, but I've heard law schools (especially HYS) are more lenient, and now I have two younger siblings in college.
Hmmm. I think it's $150,000 without dependents. Less sure about this, but something like $200,000 with dependents. Keep in mind that this is the maximum. The median parental income is around $90,000 for those receiving grant aid.
Also keep in mind that assets are important, though not as important as income, and that if you'll be 26 or above by 09/01/2012 your parents income will matter less.
i would say its a bit lower. around $100k parental income + around $700k assets (including real estate which is pretty easy to hit for mid-upper middle class) will not get any grant aid.