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Old 11-13-2017, 10:58 AM   #1659
glatt
 
Join Date: Jul 2003
Location: Arlington, VA
Posts: 27,717
So when you are a parent who has a kid in college, and you have a nest egg you have slowly scrimped and saved for over time, the government looks at your nest egg when it is deciding what sort of financial aid you deserve, and they determine how much they are going to take.

For years, leading up to my kid going off to college, they would leave around $40k to $50k of your nest egg alone and take a percentage of the nest egg above that. But now that my kid is in college, look at what they protect. This is for a 48 year old parent. It changes by a hundred bucks or so for each year you get older, protecting more.

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College getting more expensive and at the same time, financial aid is being reduced.
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