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Absolutely. College financial aid is determined by a number of factors, including savings. FAFSA is the basic financial reporting form used by both public and private colleges. Private colleges can also require the CSS Profile as well as their own questionnaire. The National Institute of Certified College Planners has credentialed professional advisors nationally who will guide you in making college affordable. Eric Roberts, COLLEGIAN INTERNATIONAL, eric@collegianinternational.com

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Q: Can I get financial aid if I have a college savings account?
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Will a 529 plan actually be detrimental when your kids apply for financial aid?

529s are one of the most financial-aid friendly vehicles in which to place your college savings. The Free Application for Student Aid (FAFSA) which is the standard formulation for financial-aid eligibility in the US, assesses parent-owned 529 plans at a low rate, no more than 5.64% of the account balance.


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Billions of dollars in financial aid is available to those who need help paying for college. Learn more about student aid and college tuition at collegeboard.com.


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I'm assuming you are in college. The answer is yes. Simply visit your college financial aid department for informantion.


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The federal financial aid is open to everyone that has a social security number and is a legal resident. Most financial aid is used for college students that need help paying for college.


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There are many options for financial aid programs available for college. You can go to the school's website with the financial aid section or go to the student aid department.


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The financial aid package that you have been awarded at one college can not be transferred to another college. You would have to add the second college to your FAFSA (you can do this online at www.fafsa.ed.gov or by calling 1-800-4FEDAID) so that they would know that you want to apply for financial aid at their school. Once they have your FAFSA information and you've been admitted to their program, they should send you a financial aid award that's good for their school. Good Luck!