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
- Posts: 172
- Joined: Thu Mar 10, 2011 3:25 pm
Has never affected me and I've had one for a long time.
- Tiago Splitter
- Posts: 15508
- 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.
Who is online
Users browsing this forum: No registered users and 1 guest