I've got upwards of 10,000 dollars in a mutual fund, and another 10 in my savings account, but my parents are dreadfully poor. How can I hide my money and save it for after college, thus recieving maximum financial aid?
2007-08-05 18:21:11 · 4 answers · asked by Bulcsú C 1 in Education & Reference ➔ Financial Aid
the money needs to be in someone else's name for this to work. They will know u have it. Its the only way i know of.
2007-08-05 18:25:58 · answer #1 · answered by Anonymous · 0⤊ 0⤋
look into no remember if the quantity your mothers and dads get for claiming you as a deduction is extra/decrease than the quantity of make it easier to qualify for in case you record independently. extra beneficial than in all likelihood, once you're an self sufficient, you will qualify for plenty extra help.
2016-12-15 06:55:39 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It's 10k earning a big what 3-4 percent? It is not going to make a big difference on your EFC. Even with a 20k EFC you will still be able to receive your max.
2007-08-05 19:03:53 · answer #3 · answered by Anonymous · 0⤊ 1⤋
The correct answer is............
You should be honest when submitting information on your FAFSA.
With that amount of savings it will be VERY unlikely that you will get a Pell Grant. Sorry.
2007-08-08 14:51:59 · answer #4 · answered by John 3 · 1⤊ 0⤋