Top Ten College-Aid Application Mistakes

03/04/2010

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College Students
While it's important to meet the application deadlines, many parents are not careful enough when filling out financial aid forms. They also don't weigh their college options strategically when their children receive financial aid. Parents should responsible in every college education for their children. Now a days college education is very important to make our children have a good future.

Here are the biggest mistakes that parent are making now while they are seeking financial aid fro college-bound children.
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College Financing Mistake

02/25/2010

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Putting college savings in a child’s name could significantly reduce your eligibility for financial aid. Correct the mistake you have now in your preparation for financing college education for your children.

Reason: Standard college tuition aid formulas consider 35% of child’s total assets to be available to pay tuition, compared with only 5.65% of a parent’s total assets. So putting assets in a child’s name can reduce, or eliminate, your eligibility for tuition aid.
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