Calgrants and Fafsa

Paying for College
1

<p>In determining whether you are eligible for financial aid do they check how much money you have in your bank accounts? So if you have a load of cash in your bank account will they give you less financial aid/cal grant money?</p>

2

<p>It is a factor. When you fill out FAFSA there should be a section called assets, and it will tell you that you should count money in any bank accounts as part of your total.</p>

3

<p>If you are dependent, then you will have to submit the amount of money in you and your parents or guardians’ bank accounts?</p>

4

<p>Yes, they’ll look at both for CalGrants. Always better, if you can do it, to have as little in the student’s account as possible, though.</p>

<p>Look at this current thread, especially the posts by cptofthehouse:</p>

<p><a href=“http://talk.collegeconfidential.com/financial-aid-scholarships/1454192-calculating-cash-checking-fafsa.html[/url]”>http://talk.collegeconfidential.com/financial-aid-scholarships/1454192-calculating-cash-checking-fafsa.html&lt;/a&gt;&lt;/p&gt;