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College and University Discussion
Reply to "Moving $200,000 out of cash to improve chances for college financial aid?"
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[quote=Anonymous]If you really want to do this, you can look into funding a Whole Life life insurance policy with somebody like Northwestern Mutual. You have to pay the cost of insurance and we set some up back before we had children, but it now pays a ton of dividends to us (far in excess of any premiums). Life insurance is never counted. The other thing you can do is pay down your mortgage, although I think most colleges look at home equity in their calculations (though there are some that don't). Some ideas.[/quote]
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