How a 401(k) affects financial aid / admissions
Posted: Fri Mar 01, 2013 4:48 pm
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.
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.