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Friday, January 01, 2010

Reduce the Money In Your Personal Accounts

Posted by http://www.athletesadvisor.com

Students seeking need-based financial aid must be careful of how much money is in their savings and checking accounts. THIS IS VERY, VERY IMPORTANT!

Colleges and universities expect you (the student) to use virtually your entire savings to help pay for college. You should take action to reduce money held in your name; if you need to buy things (such as a laptop computer for next year), do it before you complete the FAFSA, CSS/PROFILE, and other financial aid documents. Do whatever you can to reduce the amount of money in your name and report the reduced amount on the FAFSA and CSS/PROFILE financial aid applications.

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