Q&A: How can I hide my house-buying money from college so that I still get enough financial aid?

Mar.19, 2011 in Student Aid

Question by Bulcsú C: How can I hide my house-buying money from college so that I still get enough financial aid?
I’ve got upwards of 10,000 dollars in a mutual fund, and another 10 in my savings account, but my parents are dreadfully poor. How can I hide my money and save it for after college, thus recieving maximum financial aid?

Best answer:

Answer by Dan H
the money needs to be in someone else’s name for this to work. They will know u have it. Its the only way i know of.

Know better? Leave your own answer in the comments!

Tags: College, enough, Financial, From, hide, housebuying, Money, Still

2 Comments on “Q&A: How can I hide my house-buying money from college so that I still get enough financial aid?”

Try Again
March 19th, 2011 at 9:41 am
It’s 10k earning a big what 3-4 percent? It is not going to make a big difference on your EFC. Even with a 20k EFC you will still be able to receive your max.

John
March 19th, 2011 at 10:10 am
The correct answer is…………

You should be honest when submitting information on your FAFSA.

With that amount of savings it will be VERY unlikely that you will get a Pell Grant. Sorry.