Value of an Education

Joe_Caltech_04
Tue, 29 Aug 2006 20:16:43 +0000

“I was making the assumption that it would be rare to find a person with enough assets to make them ineligible for financial aid, with all (or even most) of it tied up in retirement plans.”

The way I understand the process, this essentially can’t happen, since the EFC doesn’t take into account money in retirement plans. So anything in a retirement plan won’t make you ineligible.

Lizzardfire is in the opposite situation. He was saying that since his parents DON’T have anything in retirement plans, all their assets (including funds that they’ve mentally designated as retirement money, but isn’t actually in a plan) ARE assessed from a financial aid standpoint.