<p>Oh, I don’t know if this applies but I want to give you one of the tips that the book might explain. If a family somehow qualifies for free/reduced price lunch, they should absolutely sign up for it even if they don’t use it. (The current income limit is $40,793 for a family of 4 <a href=“http://www.fns.usda.gov/cnd/Governance/notices/iegs/IEGs09-10.pdf[/url]”>http://www.fns.usda.gov/cnd/Governance/notices/iegs/IEGs09-10.pdf</a>) Why? Because there’s a question on the FAFSA that asks whether anyone in the family gets free/reduced price lunch. If someone does, the computer program automatically ignores certain assets when it determines whether the family qualifies for Pell Grant $. </p>
<p>It’ll also tell you not to keep college savings in your child’s name but in yours because your child’s savings are assessed at something like 25% a year and yours somewhere around 6% after a certain allowance. </p>
<p>You can find alot of this info on this webpage also: </p>
<p>[FinAid</a>! Financial Aid, College Scholarships and Student Loans](<a href=“http://www.finaid.org/]FinAid”>http://www.finaid.org/)</p>