Archive for August, 2009
College Savings Investments
August 27th, 2009
Question: Does the interest I earn on my investments affect my FAFSA?
I am a college sophomore. I earned about $5000 last year in interest from savings and investments. My total income for the year, however, was still only about $18,000 including this interest. Even though my total income is low, will the high interest amount I earned adversly affect my chances of qualifying for federal student aid next semester?
Answer: yeah, unfortunately, it will affect it, your parent’s income could also affect it, if applicable to you.
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Tags: banking, college, college savings investments, finance, investing, money | 
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