The “Prior-Prior Year” Rule: The Financial Aid Secret Most Families Miss
Most families assume colleges look at their current income when determining financial aid.
They don’t.
In this episode, Matt and Peg break down the “prior-prior year” rule—one of the most important (and misunderstood) concepts in college financial aid. Colleges actually use income from two years earlier, meaning the financial decisions you make today could determine how much aid your student receives in the future.
They explain why the base income year is so important, how it can impact financial aid eligibility for all four years of college, and what families can still do depending on where…
The skinny
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