I'm eligible for a 401(k) soon at my job, and I'm planning to apply next cycle for fall of '14.
I like the idea of a 401(k), but I'm curious as to how this affects need-based grants and financial aid. I can imagine it would slightly increase my modest income on the books, but I can also imagine that it would carry some sort of positive weight in the admissions process, if it's even visible. Anyone have experience with this?
Thanks and be gentle - this is obviously nowhere near my field of expertise.
Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
3 posts • Page 1 of 1
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Has never affected me and I've had one for a long time.
- Tiago Splitter
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- Joined: Tue Jun 28, 2011 1:20 am
They won't ask about it on the FAFSA, but it does come up on Need Access so it could affect you at schools using the latter form.
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