If you correctly navigate the ins and outs of the financial aid game, you can still grab a piece of the pie, even with a relatively high income.
Advice: Improve your odds of securing financial aid by reducing certain income items with tax-smart planning.
Focus on the base year
To earn need-based financial aid from the federal government (including Pell Grants, Perkins Loans, Stafford Loans and work/study aid), high school students generally must file the Free Application for Federal Student Aid (FAFSA) form after Jan. 1 of the year in which they intend to enter college. All state—and many school-based—assistance programs also require the FAFSA.
Send the FAFSA to all the schools where your child is applying for admission. You then file a shor...(register to read more)