Savings Account with ING Affect Financial Aid?

[NaOH]

So I'm a 4th year now. I have another year to go after this due to co-op. My question is, will opening a savings account to save my money earned through co-op going to affect my financial aid eligibility? Like how much I get and so forth. I've read that they weigh the students assets highly compared to the parents. Someone on this board told me that it doesn't but I just want to make sure before I open an account. Thanks in advance.

 

[Unheard]

I don't think it will, unless you have quite a bit of money in it. Want a referral when you decide to? PM me.

 

[mwtgg]

They do weight the student's assents more than the parent's assets. So it could affect your aid if you have a sizeable amount in the account.

 

[NaOH]

2 grand couldn't hurt right..... at most I think they could take is close to a grand assuming they count 35% as my contributions.

 

[NaOH]

anyone else know?

 

[jdub1107]

I'd like to know as well. Do they take into consideration investment accts, including IRAs?

 

[mwtgg]

Originally posted by: jdub1107
I'd like to know as well. Do they take into consideration investment accts, including IRAs?

I do believe that the FAFSA asks for all of that.