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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]College aid looks back at tax returns 2 years ago eg if entering Fall 2024, then 2022 tax year. Anything you do know only affects aid calculations in 2026. If you want to make 200k disappear, I think your only options are to pay towards mortgage (for schools that don’t count primary home equity) or to gift it. [/quote]
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