Potential Magazine College Organizer 2019 | Page 49

SELL YOUR SECURITIES SOONER
RATHER THAN LATER
Money gained through selling stocks and bonds
up to a year prior to filling out the FAFSA is
considered income. If you have securities that
you want to sell, sell them at least two years
before college to prevent reducing the financial
aid package.
BE HONEST
It is more important that you are honest on your
FAFSA and guarantee some financial aid rather
than risk losing all aid by manipulating informa-
tion to appear as if you have a lower income or
fewer assets.
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GET THE GRANDS INVOLVED
Although money given to students by their
grandparents for college can be considered a
gift on the FAFSA, a 529 savings plan held by
grandparents will not be counted as an asset
for your child’s financial aid eligibility and is
a great way to save money without impacting
financial aid packages.
This list is not meant to be exhaustive, so be
sure to work with your financial advisor and
the college financial aid offices for more tips
and advice.
College Organizer 2019 | 49