Trust fund and FA

owlice
Wed, 22 Jul 2009 09:46:02 +0000

Most everyone else on this board is looking at the college financial spectrum through a narrow slit of their individual experience.



And you’re not?!

I’m sorry, but the collective experience here is much, much greater than your own.

You may have gotten a student a exemption for the non-custodial form at a Profile school, but that does NOT mean this student will not have to file that form at that, or another, school.

You may have a student who had full-need met (without loans) at a school that doesn’t guarantee to meet full-need, but that does NOT mean this student will have his full need met at that, or another, school.

It’s far better to have $35K that can be assessed at 20% for college funding (which is the entire point of having the $35K in the first place – college funding!) than to have nothing. Having the money gives the kid options, options the kid will NOT have if the money is not there.

Spending it down for something other than college funding is stupid (in addition to it being a breach of trust).