It is important to note that a child's assets weigh heavily when applying for financial aid from colleges and universities. (thedigeratilife.com)
With today's high cost of a college education, more students and parents are in need of applying for financial aid in order to pay the tab. (cedaredlending.com)
However, owing money directly to a college won't limit your ability to apply for financial aid at a new school. (sapling.com)