strmrdr
Super_Ideal_Rock
- Joined
- Nov 1, 2003
- Messages
- 23,295
Date: 6/3/2009 10:36:31 AM
Author: fiery
Date: 6/3/2009 10:30:24 AM
Author: strmrdr
Date: 6/3/2009 8:52:48 AM
Author: fiery
I''m guessing the bill is definitely going to be in the thousands. I don''t know if all the tests were required but I do know that what they told him was weird. They said that since my mom doesn''t make that much money, they will make sure to work out a plan with him. But my brother is 19. Isn''t he considered an adult and therefore my mom''s income would have nothing to do with what is going to be billed to him?
If she still claims him as a dependent her income counts otherwise not.
They will have him fill out financial aid forms and give a discount and a payment plan.
She does still claim him as a dependent so that makes sense.
Thanks for all the answers
A rough idea of the discount will be....
Take the poverty guideline for the combined income and dependent number.
http://aspe.hhs.gov/poverty/09poverty.shtml
Up to 100% of the guideline 90%-100%.
Up to 150% of the guideline ~50%-75% discount sometimes more based on average monthly expenses for the area.
between 150%-200% it varies usually 50% max based on average monthly expenses for the area.
over 200% might be able to negotiate a 10%-20% discount
It will vary somewhat because they figure it different than the federal numbers.
Once income hits 200% the chance of any large discount are slim.
They do take into account the total bill amount vs income so the discount is larger on higher bills.
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