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Question on Assets


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  • 4 weeks later...

Are you asking in regards to FAFSA? As grad students it is my understanding that we are not "need based" students.  Stafford loans cap out low (20,500/year I think?) and grad plus loans can fill the void.  If you have assets that you can liquidate and use, I think thats a good idea over 5%+ loans.  Private loans maybe be less or variable rate and may have high payoffs starting very quickly.  

 

As for reporting, I guess that affects grants.  But like Boatswain mentioned, if it's legally yours then report it.  Or put it in someone elses name just beware of the tax implications for them.

 

I'm a soon to be student and slowly learning this stuff as well.  I appreciate any corrections to what I've said or additional information.  This is something that we all have as the last thing on our minds, right?

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