Inherited IRA

BelknapPoint
Mon, 29 Jan 2018 20:49:36 +0000

Why does it matter if it is a for profit or not? The school has some FA it gives to students. For this student, it seems it will not give FA because the student has an asset. A non-profit school can do that, a for profit school can do that.

True, but I think people may be looking for an explanation as to why the school told the student that she “needs to take all the money out” of the inherited IRA. I can’t imagine that a reputable non-profit school would make this demand. Coming from a for-profit school, this wouldn’t surprise me. The more logical explanation is that there has been some miscommunication or a misunderstanding.