That might not help much, if a couple has higher income

Adjusted gross income means Income (including wages, interest, capital gains, income from retirement accounts, alimony paid to you) adjusted downward by specific deductions (including contributions to deductible retirement accounts, alimony paid by you); but not including standard and itemized deductions.

I just talked to a friend yesterday. His son already accepted by MIT. His son is very smart. He won the 4th place in the nation wide math contest, and won countless award for math and computer science. But they will not get any student aid for his son. So they need to pay 50k per year for him for 4 years. BTW, my friend and his wife are Chinese, he works in the IT field, his wife works in a hospital.

I think if the family income is in the border line, then save maximum 401K will help :))

所有跟帖： 

• 401k loses money. what's your solution to take advantage of aid? -牛B2008- ♀ (0 bytes) () 07/23/2008 postreply 11:17:16

• Buy the less aggressive mutual fund in 401K will help, -gzlady- ♀ (118 bytes) () 07/23/2008 postreply 11:23:06

• 如果你的收入有可能在need-based的范围内，交四年5万的税后收入 -babylisa- ♀ (174 bytes) () 07/23/2008 postreply 11:19:46

• 同意，这个建议是给家庭收入再need-based的边缘的家庭的，如果 -臭臭妈妈- ♀ (136 bytes) () 07/23/2008 postreply 11:22:59

• 这两年经济会很难的。 -牛B2008- ♀ (0 bytes) () 07/23/2008 postreply 11:30:02

• 今天早上还和劳工谈及这个问题，不知道这个经济低谷是只持续 -臭臭妈妈- ♀ (44 bytes) () 07/23/2008 postreply 11:32:00

• 厚厚，让你说出这话不容易。 -clipmom- ♀ (0 bytes) () 07/23/2008 postreply 11:35:15

• 我又咋惹你了 -牛B2008- ♀ (0 bytes) () 07/23/2008 postreply 11:43:00

• 你不是牛啊牛的，咋变熊了？换ID吧。 -clipmom- ♀ (0 bytes) () 07/23/2008 postreply 11:50:13

• 该看牛时看牛，该看熊时看熊。偶要炒个世纪大底给你看看。 -牛B2008- ♀ (0 bytes) () 07/23/2008 postreply 11:57:09

• Agree, but a lots Chinese moms doesn't like to quit their -gzlady- ♀ (100 bytes) () 07/23/2008 postreply 11:29:37