529 assets may have a relatively small effect on federal financial
aid eligibility because they are considered assets of the parent (Participant) in the Expected Family Contribution (EFC).
I have seen students reduce their financial
aid eligibility because they earned too much income on their own.
Not exact matches
This requirement factors into your
eligibility when applying for a home loan
because it
aids in assessing the probability that you will be able to pay back the loan amount.The Department of Veteran Affairs residual income minimum requirement is generally attributed as large factor in why VA mortgages default at lower rates than all other major lending options.
Also,
because the assets are property of the child, account balances will weigh heavily on financial
aid eligibility.
Many people choose to use their endowment to pay for a child's education, largely
because the endowment money isn't counted against financial
aid eligibility.
Financial advisors usually recommend account holders invest more heavily in retirement accounts than 529s to maximize
eligibility for financial
aid,
because colleges don't consider retirement accounts when determining how much
aid you qualify for.
Law Society president Joe Egan said «The financial
eligibility test for civil legal
aid is disqualifying people from receiving badly - needed legal advice and representation, even though they are already below the poverty line... The position has been getting progressively worse,
because the means test thresholds have been frozen since 2010, while the cost of living, of course, has not.
With the above as backdrop, I'm interested for two reasons in the Texas Supreme Court's creation of the Texas Commission to Expand Legal Services, which is «charged to explore means to bring more affordable legal services to small businesses and people who can not qualify for legal
aid [
because they are over income -
eligibility guidelines].»