Many families think they make too much and they should not try for financial aid.  Let me tell you this thinking can cost you lots of $$$$$.  Now if your family just inherited 1 million dollars I would have to say that you may not want to file the FAFSA for at least 1 year.  So you pay the first year and you better talk to a Certified College Planning Specialists like us,…or you will over pay the next 3 years of college.  Lets get back to the topic of too much income… if you do not apply for the FAFSA you have no chance of getting aid from the federal & State and maybe even the school.  What most parents don't understand is that if you pick your schools right and get the forms done before everyone else and correctly.  You might receive more money than you think! Believe it or not by understanding how the schools award money you can position your family to get money even if your income is above 150k.  We have helped families with income in the range of 200k-600k get substantial money from private colleges.