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Savings Account with ING Affect Financial Aid?

NaOH

NaOH

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

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