‘But even if the money were in the parents’ possession, then it would only be assessed at about 6%…and that’s AFTER parent protections’
– I was under the impression that parental soft assets were exempt from financial aid assessment to the age of the older parent - in this case 50 YO for 50 K - so this is an incorrect impression?
Are such parental assets subject to 6 pct of their value even if under the 50k ‘protection’? So they’d take 30k*.06 = 1.8k?
At what pctg do they take student assets?