Mistake #6: Not understanding the difference between “included assets” and “un-included assets” for purposes of filling out financial aid forms.
Reality: Certain assets are counted much more heavily in the financial aid formulas than others. For example, savings accounts, CD’s, stocks and bonds are all included and asked about on the Federal Financial Aid form. However, it does not ask about the value of annuities or cash-value life insurance anywhere on that same form.
Do you want to know how to pay for college without going broke? Grab a copy of my book, The Essential Guide to College Financial Planning – How to pay for college without going broke. Paperback or Kindle version is available at Amazon – www.amazon.com/Essential-Guide-College-Financial-Planning
Would you like to learn more about How To Get Maximum Money for College? Sign up for my FREE College Financial Planning Workshop & Webinar: Register for the FREE workshop & webinar here!
Latest posts by John Ensley (see all)
- Acquiring Mystery – A Cruising Sailboat Journey Part 1 - October 1, 2016
- Why I’m not a CFP… - July 25, 2016
- How to pay for things AND create more wealth in your life… - May 17, 2016