Here's some context:
I'm currently a senior looking to apply to selective schools (some ivies, Vanderbilt, UNC, UVA, USC). As far as my stats go, I am confident that I will be competitive enough to gain admission to most of the schools. Earlier in 2014, (late junior year) my dad moved out and my parents are in the process of a divorce. They have already gone to court and filled out paper work but the divorce is not yet final. For all of the divorce process, I have lived with my mom and will plan on continuing to live with her for the rest of senior year. My mom's income is extremely low (>15,000) because she works as a part time social worker; on the other hand, my dad works as a lawyer and makes six figures. I'm assuming that my mom will get the family house and some of the assets will be split up. My dad has a lot of money in investments and has also invested some money in a college fund in his name. I don't have any siblings or any other factors that would affect financial aid. I know that the FAFSA will only take into account the finances of my custodial parent, which will be my mom. Most of the schools that I'm applying too will also use the information from my dad as well.
My question is how will the stats from my dad affect financial aid and whether or not the emphasis will be placed on my mom's income or my dad's in regards to the EFC. Also are there any selective schools that don't take into account the income from the non-custodial parent?
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