Completion of the data form below is the all-important first step in enabling Callahan Financial to help you put a plan in place that will result in you saving on and not just for college costs
Note for divorced parents - In the following sections, parental income and assets for a student whose parents are divorced or separated, but not remarried, is determined by including only the income and assets of the parent who provides the greater portion of the student's financial support. If the parents are remarried, include info for the parent who provides the greater portion of the student’s financial support and the stepparent, provided the student's parent and the stepparent are married as of the date of application for the award year concerned.
Note - If your student is a senior in high school in 2023/2024, income information from your 2022 tax return will be used to determine your financial aid eligibility for their freshman year in college.
Sum each of the following amounts that apply to your situation and enter the total below:
Note - In this next section you will be asked for the value of assets. Depending on your responses, you will also be asked: "Dollar amount allocated for college for student in question?" This refers to the student described in the Student Information section at the begining of the form. Some assets that are allocated for college may be intended for more than one child. Therefore, when asked "Dollar amount allocated for college for student in question?", only include the amount that is available for the student for whom the report is being generated.
Enter the location of the school you would like to evaluate.