Child Savings Account Penalized on FAFSA?
In this episode:
How our child savings accounts penalized on the FAFSA for Covid Widows and Survivors? College advisor Andy Lockwood recently gave a seminar for widows and survivors of spouses who passed away from Covid. This video summarizes some of the questions he received on how to treat life insurance proceeds sent to the child, how FAFSA treats them and strategies to legally "shelter" those proceeds from the FAFSA and CSS Profile
ABOUT LOCKWOOD COLLEGE PLANNING
Award-winning college consultants Andy and Pearl Lockwood are leading experts at getting students into their dream school, college or university, at discount tuition prices. That includes financial aid, college applications & admissions, scholarships, merit scholarships, merit aid, FAFSA, Ivy League, the business of college, and well, you get the idea. Andy coaches college-bound teens in choosing majors & careers, planning into a college list, then strategizing how to maximize chances of admission. He also helps families eligible for financial aid or scholarships, and negotiates with colleges for more money. He's the author of "How to Negotiate Your Crappy Financial Aid and Merit Aid Offer." Pearl handles the entire process of filing the FAFSA, CSS Profile, and other reaaaally long boring financial aid forms, and responds to incessant, annoying requests from college financial aid offices.
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