2 ms·
It’s specifically odd here because it’s pretty reasonable to say that retirements savings (which initially came from income) shouldn’t factor into a family’s ex
by tshaddox 3y ago
It’s specifically odd here because it’s pretty reasonable to say that retirements savings (which initially came from income) shouldn’t factor into a family’s expected contribution to a child’s college education, for the same reason it would be odd to double tax income and then the assets that you buy with the income.
- mjn 3y agoRetirement savings are in fact excluded from parents' assets for the purposes of FAFSA, at least if they are in some kind of account legally recognized as a retirement account (401k, 403b, IRA, traditional pension, annuity, etc.). Details of what is included and excluded from parental assets: https://studentaid.gov/2324/help/parent-investments https://studentaid.gov/2324/help/parent-investments