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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][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]America likes to punish middle class savers. It’s better to have no savings and get full need based aid. [/quote] Stupid statement. Only 5% of assets (savings) are counted towards paying for college.[/quote] Ha, ha, ha, ha! Maybe if you are low income. Most private colleges want you to raid your retirement, remortgage your house, take out loans… [/quote] +1 That's why they also ask for the market price of your house.[/quote] Yes, and whatever the equity of your house--5% is expected to go toward COA. [/quote]
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