[quote=cvmom][quote=bearishgurl]If you already know filing a FAFSA won’t do you or your student any good, then don’t file one.[/quote]
Does anyone else have a perspective on this? With our income in the junior/senior year >$400K there is zero chance for aid from Ivy or any other school, I would think. So why go through all the time/energy to fill it out? Any reason? Or can we skip it?[/quote]
For that income, you don’t need to apply for FA. There’s a checkmark on the Common App for that. It may or may not help your kid application depending on the school. IVies/MIT/S are “need blind” so not applying to any FA has no bearing to your kid application. Of course that’s what they say.
There are schools though that are “need aware”. WUSTL is an example of a need aware school. So in this respect, it helps your kid’s application.
The only reason that you may need to file FAFSA is when your kid is applying to any merit scholarship (not to Ivies though, they only award need based grants) and the school requires you to file in order to be qualified as an applicant to the scholarship.
Another reason to apply FA even if you know that you are not qualified for any need based aid is some schools would not let you apply to any FA after Freshman year if you didn’t apply Freshmen year. This is important because some families’ income/asset might change.
Bottomline, you need to research every school. Every school has their own unique rules regarding FA.
