My son is twelve.
I have two who have graduated from colllege and one who is a college sophomore.
They look at all your income, in some cases non taxble income.
They look at how much you have in the bank, how much you have in investments and cash on hand.
They take into account the size of your family and how many in the family are full time students.
We just helped DSS apply to college and are now in the process of helping him apply for financial aid and scholarships.
Wow, you guys are a wealth of information.