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[quote=Anonymous][quote=Anonymous][quote=Anonymous]FAFSA assesses income and assets.  Is your income source such that you can make it flexible/significantly reduce for four years?  And have enough to live on?  If no, a financial advisor win't help you there.

As far as your assets, to shield them from FAFSA, you have to show that they either don't exist or don't belong to you or are otherwise not available to you - e.g. tied up in your retirement funds or spent on an annuity.  This is very hard to do without resorting to outright fraud or shooting yourself in the foot somewhere else - e.g. you can buy an annuity, but if you needed it, you'd already bought it.

This question was asked of Mark Kantrowitz, who is an expert on financial aid, and he agreed that in most situations there could only be minor changes on the margins when you try to "structure" your finances.  If you are already in a complex situation with trusts,  etc, you might have some wiggle room, but if you have a W2 job, a house and some money in the bank, it is what it is.  Also, keep in mind that if the school uses CSS profile, it's even harder.[/quote]

Lol. You could have just said "no".[/quote]

I could, but it wouldn't be true.  I actually know financial advisors who'll happily help you to lock up your assets in some financial products that you don't need.  And it would reduce your EFC somewhat.  [/quote]

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