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Maximize Financial Aid?

J

JoeBaD

Banned
I've got 2 kids, 10 & 12 and I'm beginning financial planning for college.

Any tips for maximizing aid?

*cough* hiding assets *cough*

Whose name to keep assets in etc. etc.

I've opened both Educational IRAs and NY Savings accounts.

I currently make around $80k. House will be paid off before college starts.

Any advise appreciated.
 


<< I've got 2 kids, 10 & 12 and I'm beginning financial planning for college.

Any tips for maximizing aid?

*cough* hiding assets *cough*

Whose name to keep assets in etc. etc.

I've opened both Educational IRAs and NY Savings accounts.

I currently make around $80k. House will be paid off before college starts.

Any advise appreciated. >>



you might want to look into a trust fund that your state may have. I know michigan has one, the MET(Michigan Education Trust fund)
 
unfortunatley without knowing your full financial position, people on this board wont be able to anser you.
My parents "financially engineered" their finances and were still able to get about 50% in financial aid even with 1 million in net worth... They used a combination of real estate, life insurance, mortgages and annuities among other things...

Because of the personal nature of this topic, feel free to PM me with questions.
good luck
 
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