I need scholarships for college, but my dad is a doctor

Question

Im going to be a senior in highschool this year and naturally ive been thinking a lot about colleges.

My main concern is that I will need scholarships, but I dont think I will qualify for it. My dad is a doctor so financially we're good, but since last year my dad invested everything to start his own practice (by himself) and now its been a pretty financially stressful time for him because of the all the amounts of bills he has to pay. Sure there is some income from his office but almost all of it is going to pay his bills of $1,500,000 for starting the new medical facility,.

I will definately need scholarships and any financial assisstance, but I fear that because my dad is a doctor i wont qualify for any.

thanks for the help.

Answer 1

Usually when you're parents make above a given number in income, it is very hard for you to qualify for financial aid or scholarships. The more money they make, the harder it is to qualify for an amount of aid. Best thing you can do is to talk to a financial advisor in your college, and he/she can tell you how much aid you'd be able to receive, or what options you got. Good luck with your college education.

Answer 2

Hello how are you? First of all don't ever think you wont qualify for a scholarship, many students make this mistake and miss out. What I suggest you do is use a scholarship search. A scholarship search allows you to create a profile and receive information for all the scholarships that you are eligible to apply for based on your profile description. Scholarshipsupport.com actually has 2 free scholarship searches available right now. I hope this helps. Good Luck!

Answer 3

I would recommend you go to the fafsa.ed.gov website and look for the fafsa4caster link.  This is specifically set up for juniors and seniors who want to get an idea of how much they'll be getting before it's really time.  The good news is that anyone can get student loans (regardless of parents income) to go to college, so it's not like you'll have to NOT go.

Also, when it's time to do the fafsa. Be very care full to the instructions.  Yours will be pretty complicated because you dad may be considered "Self-employed" and what he brings home isn't always what is counted as income because of this.  (Example: when he does his taxes can deduct his expenses related to the business.  Truck driver earned 50,000 last year in driving a semi truck but had to pay 20,000 in gasoline he REALLY only earned 30,000)