Learning Library Quick Answers Financial Aid Planning

Does it make any difference if gift money is coming from a grandparent or an uncle?


Question: Does it make any difference if the gift money is coming from a grandparent vs. an uncle in how it is accounted for in th....

Does requesting financial aid affect our chance of getting accepted by the college of our choice?


Answer: Most colleges make their admission decisions without considering an applicant's financial need. This is especially true fo....

Does the "business supplement" of the Profile need to be completed if the business employs under 100 people?


Answer: Yes, all businesses are assessed on the Profile. Keep in mind the exemption for businesses with less than 100 employees is....

Does the value of a 529 prepaid tuition plan get reported on the FAFSA?


Answer: 529 Prepaid plans, 529 college savings plans and Coverdell's are all treated the same. They are included as an asset of th....

Does the value of a personal residence need to be included on the FAFSA?


Answer: The answer is "no". You need to be aware of the items which are not included on the FAFSA as assets. Scenario: Does the va....