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How To Save For College

13 April 2014 8 views No Comment

“One of the most common mistakes parents make … is deciding not to save any money at all for their child’s education out of concern that it might impact their ability to get financial aid in the future. ‘If you can choose to save, don’t not do it because you’re afraid of eligibility,’ said Karen McCarthy, a senior policy analyst with [NASFAA]. ‘The federal formula for financial aid is driven more by income than by assets, and a student’s assets are weighted more heavily than a parent’s,’” The News-Times reports.


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