<p>One other thing to consider. You should be very grateful you HAVE that $17K a portion of which will be used for college costs each year. </p>
<p>Is your family otherwise VERY poor? I’m not the expert here on the simplified needs test, but if your family has very low income, you are not required to list your assets (I believe that includes student assets, but someone more versed in this would have to chime in with the accurate information).</p>