Effect of Snazzy Older Car on Financial Aid Awards

Question: We had an accident (with our very old car, high mileage, paid off) SUV and the insurance company sees no value in repairing it given its age and mileage.

The financial aid forms require us to report what kind of cars we drive and how much is owed on them. We must buy a new vehicle and have found some affordable options in older cars once thought of as symbols of excess. Now however they are at bargain basement prices (exactly where we live financially). We have a big family and can't squeeze everyone in a Prius no matter how politically correct it may be, never mind the price.

Keep reading Show less
Find Your Best Fit
Find your best fit college and track your favorite colleges.
Connect with your future classmates
Offer not stacking up? These articles may help
Expert advice and answers to common SAT and ACT questions