Don't Jeopardize student's scholarship and grant eligibility The single largest financial aid mistake

Parents – Be Cautious of Financial Transactions Completed in 2010.

A word of warning for parents: Family financial transactions completed in calendar year 2010 may affect your son or daughter’s financial aid awards.  To increase your student’s eligibility for need-based scholarships and grants as a college freshman in fall 2011, minimize or reduce your income, financial assets and cash reserves in 2010.