Question regarding assets

[colorando]

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.

[hokie]

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?