Five Reasons Assets and Savings May Have Little or No Impact on Financial Aid
By Mila Tappan, College Access and Outreach Manager, Finance Authority of Maine (FAME) June 26, 2018 A family’s primary residence and retirement accounts are excluded from consideration. The following assets are completely excluded when determining federal financial aid eligibility: the family’s primary residence, retirement accounts, and family-owned and controlled small businesses. For most families earning […]