Q: If I make a contribution to my IRA or 401K, what does that do to my financial aid eligibility?
A: The amount of that contribution is assessed as income.

Q: As a high school student, how much can my child earn before it impacts their financial aid eligibility?
A: This amount is currently $6,970 for the 21-22 College School Year. The amount fluctuates every year.

Q: Which funding strategy should be implemented before the base year to have the most impact?
A: Repositioning of assets.

Q: What is my asset protection allowance and why is that important?
A: In the federal methodology, the parents have an APA based on the age of the oldest parent. Students do not have an APA; their assets are assessed from the first dollar.

Q: What percentage of a student’s assets are assessed at the institutional level versus the Federal level?
A: Student assets are assessed at 25% at the institutional level versus 20% at the federal.