Learning Library Quick Answers Financial Aid Planning

Is an employer contribution to a Profit Sharing plan categorized as income on either the Federal or Institutional method?


Question: Is anemployer contribution to a Profit Sharing plan categorized as income on either the Federal or Institutional method?....

Is cash from a cash advance credit card loan considered an asset?


Answer: Yes. If loan proceeds from a credit card, home equity loan orlife insurance loan are in an assessable account when filing ....

Is financial aid available to students attending medical school?


Scenario: A client's daughter is taking the MCAT to get into medical school. Her plans are to attend next year. She is a senior at....

Is financial aid available to students who attend school part time?


Scenario: I plan to attend school half time, but I still need help with expenses. Will going to college part-time lessen my chance....

Is home equity considered when applying for financial aid?


Scenario: I have two children in college. One college asks the amount of equity in our home, the other doesn't. Why? Answer: Home ....