Hiding Liquid assets

Woodworker
Sun, 25 Mar 2012 21:32:01 +0000

Here’s whats driving the issue for me: I have 2 children for which I’ve been saving since they were 1 using the 529 plan. THey both have roughly the same balances (21K each). Since it is rare that I get employment bonus’s, i’m afraid that financial aid offices will view my new emergency cash nest egg increase as “oh - you’re cash rich now so you need less aid”. I realize that i’m oversimplifying, but I’d hate to be the benefactor of a one-time slug of cash and have it “redefine me” in the eyes of the financial aid offices.

Am I making any sense?