Maximizing Financial Aid — Beware of Mistakes
Story No. 2: Financial Aid Application Fundamentals
Five Mistakes to Avoid When Maximizing Financial Aid
Answers to Common Questions About the FAFSA and the CSS Profile.
Hiding assets is something that parents can hear about from insurance agents and financial professionals that aim to pocket commissions by selling life insurance and parents annuities.
Another dad told me that he was advised to hide his assets or spend down them. He wondered what I thought of the idea.
This is the time of year when I often hear from parents contemplating “icky” and/or incredibly stupid ways to boost their aid eligibility.
If you have a child heading to college next fall, you can complete the Free Application for Federal Financial Aid (FAFSA) or the CSS Profile now!
Whether youare curious about what lies ahead or’re filing this year, I have written two useful articles that explore important financial aid topics. (I wrote both of these articles for my college column at Cappex.)
A couple of the examples in the story came from parents, that are enrolled in my online course, who reached out to me this month with their plans.
Parents may get into trouble when they pursue methods to make the most of their financial aid chances.
Published at Mon, 16 Oct 2017 16:03:36 +0000
In the article below, I include some common mistakes that parents make when trying to boost their eligibility.
Today I read an email from a mom who told me that speakers in her college advise parents to hide their assets. School counselors don’t know enough to keep these folks off their campuses!
In my article, you’ll find answers to common questions regarding the FAFSA and the Profile.
One dad had decided to cut back on his hours in hopes of qualifying for financial help. To compensate for the lost income, the dad was going to pull equity out of his house and potentially tap into his Roth IRA. I explain in the article I thought that was a very bad idea.
Source: TPD College Admissions Feed
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