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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 2011 to 2012 and purchase large items
in 2011 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 2011 calendar year. All
financial transactions completed during January 1 – December
31, 2011 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 2012 calendar year. All
financial transactions completed during January 1 – December
31, 2012 will either help or hurt student eligibility for need-based
scholarships when they apply for college in fall 2012. Remember,
for the year 2012, reduce assets and income and increase debt. |
