How should I handle my savings when applying for financial aid?
I have a good amount of money saved up in the bank, and soon I will be applying to colleges and all that jazz. I’ve been told that it’s best to take your savings OUT of the bank to receive better financial aid, but this doesn’t seem right to me.
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Tagged with: all that jazz • amount of money • applying to colleges • education guide • Financial Aid • free education
Filed under: Financial Aid
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The question on the fafsa asks, "How much money do you have in cash, savings and checking accounts?" or something to that effect. So even if you withdraw all your money out of the bank and bury it in the back yard or stuff it under your mattress you would STILL be required to report it on your fafsa.