Greetings! I'm Janice And I Have College FA Questions
My boy is 13 and my girl is 16. I teach 3 and 4 year olds and I spend WAY too much time on CM.
I came looking for a teens group because my Candice has to start looking at colleges and I have to start navigating through the financial aid process. Luckily, our school provides a financial aid q&a night. And I have the general idea. But one question that I couldn't get a straight answer for...what to do about my daughter's college savings?
She's a great student and is active in a variety of extra-c's. I have every reason to think she'll qualify for merit-based scholarships. But will she receive significantly less because she has some savings? It's not enough to pay for 4 years...maybe 1 or 1 1/2. But should I pull that money out and use it to buy her a car instead? Or to pay me back for her Sweet 16 trip?
I'm not looking to scam anybody. But I don't want to be a giant sucker either.
Anybody have experience and wisdom to share?