Plus, the better students tend to get better packages, ... If they feel you can contribute more to the university as a student academically, musically or whatever, then you don't have to contribute as much financially.
More Quotes from Kalman Chany:
There's no financial aid for retirement there's lots of financial aid for college, ... Paying for College Without Going Broke.Kalman Chany
By selling now, you can lock in losses and reduce your child's 2001 tax bill, ... And your college savings will grow faster with the tax treatment in a 529.
Kalman Chany
If you paid down credit-card debt that would reduce the net value of your savings.
Kalman Chany
The more they figure you're desperate to attend, the less likely it is they will improve your package, because they figure you'll go anyway,
Kalman Chany
Some people think that December 31 is the cutoff for assets but you can make changes up until you file your application,
Kalman Chany
Some parents are afraid to do this because they are afraid the offer will be withdrawn. But at worst, they will just decline to provide extra aid.
Kalman Chany
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