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College and University Discussion
Reply to "1.5mm in unsheltered assets - dq'd for FA?"
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[quote=Anonymous]Yeah, the "gaming" strategies that are legal, are for far more MC people than you--basically timing the purchasing of big ticket items you need and allocating assets in places that are not typically counted in FA. The thing is for the expensive schools, they use the CSS profile--and use it in different ways, so you could do a lot of 'gaming' strategies that don't work anyway too--even if you were less rich than you are. Financial aid is supposed to be for financial need. Also, at most schools loans are the first layer of FA anyway. If you don't want to spend $$$ on colleges, your options are to go to public in-state or go to a school where your kid receives merit aid--so lower prestige than they could get into. Have your kid rack up AP/IB/DE credits so they can trim a semester or two off of college. Or even CC -> 4 year transfer if you really want to save. There's a lot of good options if saving money is your prime focus.[/quote]
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