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Personal Finance (Not Investing) • Re: FAFSA and cash on hand

It's very worthwhile to fill out a prior year FAFSA form. If you are not just above the poverty line, you'll be receiving nothing from the Federal government besides Stafford loans and PLUS loans. When my kids were in college, the rates for Staffords were 6% while car loans were 1.9%. But to answer your question straight on, assets count against aid. Your home isn't an asset to FAFSA. Cash in CDs or 529's are cash ready to pay for college so do work against you.
Thanks! Very helpful. Bye bye mortgage!

Statistics: Posted by Ryan_Colorado — Thu Jun 20, 2024 7:49 pm



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