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? How to Legally "Hide" Your Money to Get College Financial Aid (2022)

Lockwood College Prep 36 views

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Crazy, I sold my primary residence, got $550k cash, and the military is paying for my rental the next 2 years till I retire, so I’m not buying my next house for 2 years While I don’t disclose “a primary home”, my cash sits in a brokerage acct, to buy my next home in about 2 years, but I have to disclose that,because I’m holding for the short term Any remedy for that? Thanks
Comment from : @JerrySmith-p1l

I am so glad to find your video
Comment from : @bluesclues9925

I cashed out a 401k for a roll of monopoly scratch-offs that I haven’t scratched off yet Should I report that as an asset that worth a potential $19M assuming I hit 2 jackpots?
Comment from : @paf268

We opened a UTMA account for my son that was later converted to a 529 Is that still treated like a 529 now for financial aid or like a UTMA? The registration on the account seems to be almost like a combination of UTMA 529
Comment from : @jonathann1369

In California, the only grant a master’s student can receive is the State University Grant When I apply for Fafsa and it asks me my assets, is there a limit for how many assets I can have to get the state university grant? Meaning, how much would be too much money in my banl account and would prevent me from getting the state university grant?
Comment from : @kindree5414

I have money on HYSA Will that hurt my son’s eligibility? Should I withdraw it? Saving it for a down payment to buy a house
Comment from : @RubyBernsKitchen

Hello, If my tax preparer didn’t report my earnings and still listed me as a dependent under my parents (I’m assuming because I didn’t make much), do I still put down how much I made when asked about my 2023 earnings on the 25-26 Fafsa form even though it is not reported on taxes?
Comment from : @kindree5414

My wife and I are retired We have a son planning on attending college next year We receive social security and a federal monthly pension How are these monthly pension payments counted against FAFSA? Are they reported as income, or only the taxable part is reported? Thanks
Comment from : @mpoetzsc1

It's a good thing i have no savings Wait fuck
Comment from : @Smashachu

My child has a custodial savings account should i cash it out or move to my own personal savings?
Comment from : @CAUTION742

My wife and i have over 300k income and we have 500k assets outside 401k Can we still apply for financial aid? I used the calculator snd it said we need to pay for the whole cost
Comment from : @ty4508

I am so glad that I pulled up your video I had no idea how to answer certain questions and will look at your report - thank you!
Comment from : @saintinlower48

But they ask for value of primary residence
Comment from : @sonaliv1489

will zero for the value of the business be the same with the new changes in FASFA 24-25 now that small business with less than 100 employees have to be disclosed I am getting in to online ecommerce now and I will be sending my daughter to school soon so I am doing the research She graduates HS in 12/24, I havent went so far into bussiness that if it is going to penalize me a great deal maybe I should wait Or should I let this be a thing and move forward I am interested to hear others thoughts that have experience in this angle of the FASFA process
Comment from : @TemperanceLibraRising