Life insurance question

lookingforward
Tue, 04 Oct 2011 20:23:36 +0000

Not FAFSA loans, federal loans. No, a CD is not asset protection (nor are trusts, mutual funds, etc.) Retirement acounts are protected- which can be an issue for a teen. Her assets will be dinged at a higher % than a parent’s 5.6%. Under some circumstances, if the family income is below a threshhold, I believe assets are not counted on the Fafsa- but they can be on the CSS Profile, which many schools also use. Try looking at finaid.org for a lot of finaid savvy.