Fed Financial
How do I hide my money from the college financial aid people?
So, college financial aid applications are due soon, and apparently when they process them, they assume that all of the student's money will go towards tuition and deduct 100% of their savings from the award. I have been saving up some money for study abroad/summer housing/emergencies/so I'm not completely broke when I graduate with thousands of dollars in loans to pay off. Basically I'm just trying to be responsible and financially stable. Is there something I can do with this money so that they can't see it? My family and I really can't afford to pay that much more.
Public Comments
- Are you trying to say that the college is going to talk all your money that is in your bank account> if you are, then that is completely false. College adcoms don't have the authority, nor does anyone to go into your bank account and take out money, besides yourself.
- Check out whether the amount your parents get for claiming you as a deduction is more/less than the amount of aid you qualify for if you file independently. More than likely, if you're an independent, you'll qualify for a lot more aid.
- well i would be very careful what every you do == you do not want to end up committing fraud!!!
