Learning Library Quick Answers Financial Aid Planning

Why is a student resource assessed at 100%, but student assets are assessed at 20%?


Answer: If an item is assessed as a student resource, it will reduce financial aid dollar for dollar at100%. Assets are assessed a....

Why would I need to apply for a Federal PLUS loan?


Answer: You would need to apply for a PLUS loan if your child has used all of his/her Subsidized Stafford loan funds for that acad....

Will a bad credit rating hurt my child's chances for financial aid?


Answer: No. Applying for aid is not the same as applying for a bank loan. Grants and Work-Study money are not awarded on your abil....

Will a college look at the assets of a sibling?


Answer: The FAFSA does not, butthe Profile does. When dishing out their own funds the schools can look at anything they choose.....

Will a joint account in my grandson's name hurt his eligibility for aid?


Scenario: I've put money away to help my grandson pay for college. It's in a joint account in both our names. Will it hurt his eli....