“The best advice on positioning clients’ assets for financial aid is based on several factors, but first let’s clarify what type of financial aid the asset question pertains to. There are two types of college aid, need-based aid and academic merit aid. Merit aid is straight forward, if you have the grade, you get the aid. For example, a student might have a 3.8 GPA and an ACT score of 32 and receive a $15,000 per year Dean’s Scholarship. That’s good news for smart kids, and those that won’t qualify for need-based aid.” …