A few days ago
If you have a lot of money in your bank account (let’s say 7 thousand), would my financial aid be reduced?
I have no job. I heard that financial aid is based more on your income than what you have in your bank accounts. is this true as well?
Top 4 Answers
A few days ago
Favorite Answer
It’s good and bad.
It’s good for getting loans its bad for when it comes to things like work study. But over all aid shouldn’t matter.
If it was me i would just say i had 50% of that and put 3-4k to a online savings account.Then if someone wants proof you can show them your one account. That is kind of the truth at any time you could have to buy a car or pay some hospital bills and drop 3k over night.
0
A few days ago
It is based more on income. I think that they want to know how much is in your savings/checking account just to see if you have any extra money you can tap into if necessary. I’m not sure, though. If you regularly have that much money in you bank account, put that amount on the FAFSA. If not, I’d put the average amount you have. That’s what my financial aid advisor said about that.
0
A few days ago
Huh?… “if YOU have a lot of money, etc” and “would MY financial aid” … Huh?
I hate to tell you this, but the amount of money I have in MY bank account will not make any differenct to YOUR financial aid.
0
A few days ago
yep, I suggest you move your money around
0
- Academic Writing
- Accounting
- Anthropology
- Article
- Blog
- Business
- Career
- Case Study
- Critical Thinking
- Culture
- Dissertation
- Education
- Education Questions
- Essay Tips
- Essay Writing
- Finance
- Free Essay Samples
- Free Essay Templates
- Free Essay Topics
- Health
- History
- Human Resources
- Law
- Literature
- Management
- Marketing
- Nursing
- other
- Politics
- Problem Solving
- Psychology
- Report
- Research Paper
- Review Writing
- Social Issues
- Speech Writing
- Term Paper
- Thesis Writing
- Writing Styles