How can I hide my house-buying money from college so that I still get enough financial aid?
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?
Public Comments
- 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.
- 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.
- 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.
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