Sentences with phrase «formula for student financial aid»

Money in a Roth IRA doesn't count as parental assets under the federal formula for student financial aid, but some schools use a different formula that may count this money.

Not exact matches

The proposed simplified aid formula would eliminate a separate application for financial aid — families would need only to check a box on their tax forms — and would allow students to easily estimate the amount of aid they will receive years ahead of time.

For most students, the potential negative impact of part - time or summer employment on the college aid income formula isn't going to outweigh the many financial and life lessons learned by having a job.

Federal Methodology The formula that is used by the federal government to determine expected family income for student financial aid.

According to savingforcollege.com, a maximum of 5.64 % of all parental assets, including 529 plans owned by a parent or a dependent student, is counted toward the expected family contribution for college by the federal financial aid formula, compared to 20 % of student assets.

According to Robert Helgeson, director of financial aid for Valparaiso University in Indiana, «In the federal formula that determines how much financial aid a student receives, there are asset protections for money in a parent's name that are not there for money in a student's name.