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You can save for college, but then this gets deducted from your "need", causing financial aid to be reduced. There isn't much incentive to save when that just d
by tropo 7y ago
You can save for college, but then this gets deducted from your "need", causing financial aid to be reduced. There isn't much incentive to save when that just drives up the costs.
- asdff 7y agoThey look at your income too. If you are a high earner with zero in the bank you aren't getting any aid.
- brewdad 7y agoTrue, but above a certain income threshold, one which many of the visitors to this site exceed, you won't be getting any aid anyway. It sucks to be "punished" for doing the "right" thing and planning your your kid's future but what's the alternative, assuming a college education is the end goal?