Ok, I'm in the process of filling out my FAFSA and was hoping that someone could give me some guidance. I'm guessing that I won't be eligible for the federal financial aid programs, but we were hoping to handle law school through private loans - so we thought. Is it possible to get private loans if you actually have money in different forms to pay for it???
In another post, someone had mentioned that they weren't eligible for loans due to his amount in savings, so I am starting to freak out! Not that you probably care
, but here is our basic situation:
- For the last 3 years, we've only had my income...hubby started his own business that didn't work out
- When we move for school, I will no longer be working, but he will be taking home almost the exact same amount that I previously got
- We have a daughter
- Just sold our house...kept all of the "profits" to put towards another house, but right now it is money in the bank
- Hubby has a trust fund that we can't pull from BUT it is in his name
- Savings of about $50k
- Substantial 401ks
Any advice for how to use the FAFSA to my advantage? HELP!