Question regarding assets

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colorando
Posts: 38
Joined: Fri Dec 17, 2010 2:57 pm

Question regarding assets

Postby colorando » Thu Mar 10, 2011 10:09 pm

Is it a good idea to have as little as possible in assets when applying for Financial aid? I'm not talking about anything huge but between 55-70k in investments?

This occurred to me as I was looking at a schools LRAP where anything above a strict amount of assets (I think 10k) was required to be paid in.

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hokie
Posts: 339
Joined: Tue Jun 15, 2010 1:32 am

Re: Question regarding assets

Postby hokie » Thu Mar 10, 2011 10:14 pm

50-70K is pretty big in my opinion.........however someone stated in a previous thread that if your income is below a certain level (i think like 70K) then assets don't factor up to 50K. Not to hijack your thread but do cars count as assets?




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