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Author: ORA100 One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 120799  
Subject: College State Aid - Illinois Date: 10/5/2012 9:41 AM
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I am reading a book called Paying For College since my eldest is a Junior in High School. One of the sections is about aid - federal versus state. The one sections says because of the differences between state aid formulas and the federal formulas, it is sometimes easier to qualify for state aid. Federal aid is based on your adjusted gross income along with information about your assets. In some states, however, aid is based solely on your taxable income(the AGI minus deductions) without reference to your assets.

Do you know in the state of Illinois how aid is based? On your taxable income without reference to your assets or on your taxable income with your assets included?

Thanks for all the great help from the board.

Doug
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Author: aj485 Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 116735 of 120799
Subject: Re: College State Aid - Illinois Date: 10/5/2012 10:35 AM
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Do you know in the state of Illinois how aid is based? On your taxable income without reference to your assets or on your taxable income with your assets included?

Not sure, but the "Paying for College" board http://boards.fool.com/paying-for-college-100157.aspx might be another place to ask your question.

AJ

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Author: PSUEngineer Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 116736 of 120799
Subject: Re: College State Aid - Illinois Date: 10/5/2012 12:03 PM
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The poster already asked the question two days ago on the Paying for College board. There have not been any responses.

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Author: ORA100 One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 116738 of 120799
Subject: Re: College State Aid - Illinois Date: 10/5/2012 12:50 PM
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Yes, I saw there was not too much questions and answers on that Board so I tried this one.

Doug

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Author: reallyalldone Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 116744 of 120799
Subject: Re: College State Aid - Illinois Date: 10/6/2012 9:40 AM
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Have you explored www.finaid.org ?

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