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Parents – Maximize Student Scholarships
Parents – you can maximize your student’s eligibility
for need-based scholarships by reducing your financial assets and cash
reserves. This sounds extreme, but it is reality.
- Parents of senior year students: If possible, defer
income from 2008 to 2009 and purchase large items in 2008 you are planning
to buy (such as automobiles, travel trailers or RVs, home additions,
etc.) to reduce cash reserves and create debt.
- Parents of senior year students: Remember, a student’s
eligibility for need-based scholarships and grants is based on their
family’s financial situation in the 2008 calendar year. All
financial transactions completed during January 1 – December
31, 2008 will either help or hurt student eligibility for need-based
scholarships.
- Parents of junior year students: Your student’s
eligibility for need-based scholarships and grants is based on their
family’s financial situation in the 2009 calendar year. All
financial transactions completed during January 1 – December
31, 2009 will either help or hurt student eligibility for need-based
scholarships when they apply for college in fall 2009. Remember,
for the year 2009, reduce assets and income and increase debt. |
