Many other factors are incorporated in the determination of aid. Examples of some are asset information, number in college, number in household and age of parents. Unless the family income is extremely low or extremely high, financial aid is difficult to determine. I do not qualify for any financial aid except for a student loan. Student eligibility for loans can be limited.
Most schools offer monthly payment plans with little or no fee to the parent or student.
Private banks also offer alternative loans to students. Parents should always consult with a financial aid counselor for alternative ways of paying for college costs.