What is the name of your state? MA
A student has had part time jobs while attending college. He has diligently saved 20,000 in cash and 15,000 in mutual funds.
When the student starts applying to graduate schools and subsequently applying for student loans. These assets will be seen by the school in determining financial aid as well as when applying for student loans.
How does one minimize the affects that these assets have? Should he transfer them to a reletive? Should he transfer them to a trust?
Thank you for your advice!
A student has had part time jobs while attending college. He has diligently saved 20,000 in cash and 15,000 in mutual funds.
When the student starts applying to graduate schools and subsequently applying for student loans. These assets will be seen by the school in determining financial aid as well as when applying for student loans.
How does one minimize the affects that these assets have? Should he transfer them to a reletive? Should he transfer them to a trust?
Thank you for your advice!