FAFSA and student savings

dt123
Sat, 30 Oct 2004 11:38:56 +0000

No. Nobody does that it. It would be a federal felony to move the funds from the student to another person, in name only, and not report them on FAFSA. Some people use the student’s funds to prepay for necessities, like a car, clothes or computer if one will be necessary. Nothing wrong with that. Can be done up to the date the FAFSA is submitted.