If, however, you are only in the brink of foreclosure then
such financial aid packages are not yours to enjoy.
Not exact matches
One of the advantages of 529 plans is that they can have less of a negative impact to
financial aid packages compared to other accounts,
such as a trust or custodial UGMA.
Such discrepancies may cause your final
financial aid package to be different from the initial
package described on the award letter you received from the school.
Each has its own eligibility requirements and different potential benefits (
such as student loan forgiveness, income - based repayment plans, etc.), so make sure you understand which loans you are signing on for when you accept your
financial aid package.
As
such, it's crucial that students understand and make the most of their
financial aid package in order to lessen the
financial burden of college when the time comes.