Sentences with phrase «financial eligibility account»

Overall, for both criminal and civil legal aid combined, refusals of service for financial reasons were up slightly by 1.1 % from 2012 - 13 to 2013 - 14 (refusals related to financial eligibility account for 50 % of all refusals) and declined by 3.2 % due to coverage limitations (refusals due to coverage account for about 26 % of all refusals of service).

Not exact matches

Once you have completed the ten months of payments, your credit will improve, and your account will be back in good standing, regaining your financial aid eligibility.

According to the SEC's order, Ameriprise Financial Services Inc. disadvantaged certain retirement account customers by failing to ascertain their eligibility for less expensive mutual fund share classes.

Instead, lenders are required to view each applicant's financial situation as a whole and determine their eligibility by considering factors other than just a credit profile and savings account balance.

Also, because the assets are property of the child, account balances will weigh heavily on financial aid eligibility.

Note that this applies to IRAs only, and not employer - sponsored accounts such as 401 (k) s and 403 (b) s. Also, these distributions are counted as income on the tax return, which could affect financial aid eligibility in the subsequent year.

And normally, if you have $ 100,000 in a bank account, a 529 Plan, stock accounts, mutual funds, etc., that money will count against your child's financial aid eligibility.

Your clients may wonder if a 529 account can adversely affect their eligibility for financial aid.

The federal financial aid eligibility formula includes an Education Savings and Asset Protection Allowance that excludes a portion of the assets that are counted (primary residence and retirement accounts are already excluded).

• Has no impact on financial aid eligibility • Allows funds to be used for a wide variety of college expenses that other savings accounts do not cover • Has no contribution limits

Unlike an UTMA / UGMA account, money in an IRA has 0 effects on financial aid eligibility since the IRS doesn't it as assets.

On the other hand, the negative impact on eligibility for student financial aid eligibility should be taken into account.

A separate section discusses account ownership for each type of college savings vehicle and its impact on financial aid eligibility.

While each educational institution may treat assets held in a 529 account differently, investing in a 529 plan will generally impact a student's eligibility to receive need - based financial aid.

So if you want to save money without compromising your financial aid eligibility, you can do so by using your savings to buy a house, prepay your mortgage or contribute more money to your retirement accounts.

This means that custodial bank and brokerage accounts have a high impact on 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 quaFinancial 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 quafinancial aid, because colleges don't consider retirement accounts when determining how much aid you qualify for.

Know how ownership of college savings accounts can affect a student's eligibility for financial aid.

According to a December 2001 survey conducted by Richard Day Research, Inc. for Fidelity Investments, parents who are saving for college rated the following features of college savings vehicles as important: return on investment (96 %), reputation of investment firm (95 %), tax breaks on return and / or withdrawals (93 %), savings controlled by account holder and not student (91 %), low management fees (90 %), variety of investment options and strategies (90 %), impact on financial aid eligibility (86 %), automatic payroll deduction (61 %).

In brief, if a student has a 529 plan in his or her name, then financial aid providers will take those funds into account when determining the student's eligibility and level of need.

Conversely, accounts that are considered assets of the child (Beneficiary), such as an UGMA / UTMA account, tend to have a greater affect on federal financial aid eligibility in the EFC calculation.

Any non-retirement investment or savings account may affect your eligibility for financial aid.

Second, you may maintain a direct account with a fund if you meet the eligibility requirements for placing direct orders and your completed account application and supporting documentation is returned to and accepted by the fund's transfer agent, Boston Financial Data Services (transfer agent).

Another thing to keep in mind with both types of accounts is that the assets are considered those of the student, which will affect your child's financial aid eligibility.

The officer will also take into account various other factors to determine ODSP financial eligibility:

Direct overall operations, full administration, and development of programs and services that support revenue cycle initiatives; scheduling, registration, financial counseling, POS collections efforts, technical and professional billings, denials management, charge master maintenance, patient accounting and eligibility systems.