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Jolynne Smyth · 04-14-2008, 11:06 AM

Trying to get savvy on the financial stuff since son is a HS junior now (as suggested!).

One small question---son is planning on earning some (relatively) good money this summer but I'd heard (at fin aid seminar) that every dollar a student accumulates over approx. $2700 is one dollar less that they'll get in financial aid.

If I have this (approximately) right...does it make sense (from a fin aid perspective) for a student to buy a laptop/car or other large item that would benefit them in college, before they are assessed for aid?

I know this is minor in light of the other financial decisions the parents make, but wanted to advise son correctly...

Thanks for any thoughts..

04-14-2008, 11:06 AM	#1
Jolynne Smyth Senior Member Join Date: Apr 2005 Posts: 1,054	students accumulating $$ before college? Trying to get savvy on the financial stuff since son is a HS junior now (as suggested!). One small question---son is planning on earning some (relatively) good money this summer but I'd heard (at fin aid seminar) that every dollar a student accumulates over approx. $2700 is one dollar less that they'll get in financial aid. If I have this (approximately) right...does it make sense (from a fin aid perspective) for a student to buy a laptop/car or other large item that would benefit them in college, before they are assessed for aid? I know this is minor in light of the other financial decisions the parents make, but wanted to advise son correctly... Thanks for any thoughts..