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<p>You can save for your retirement…it’s just that the amount contributed in the tax year used for your finaid forms is added back in as income.</p>
<p>Of course you can save for your retirement. You just can’t use the contribution in THAT tax year to reduce your income.</p>
<p>Many folks continue to pay into their retirement with the idea that they will use some other kind of loan to pay for college. You CAN pay loan debt payments with retirement income one you retire…but you need to try to keep your payments to a reasonable amount for your family.</p>