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Subject:  Re: education investing with AGI over 150K Date:  11/27/2000  3:18 PM
Author:  RiverCityFool Number:  26332 of 88763

re the Education IRA, you say: Since the money is in your child's name, their ability to get financial aid is lessened.

It's a little more accurate to say that their need is lessened. Yes, a kid with $$ in an EIRA will be awarded less in need-based aid -- and the kid will need less and will have more choices about what kind of aid to use and which schools to attend.

But as you note, the EIRA does have some limits in what you can put in each year -- so I'd be inclined to use it as part of an overall college savings plan that might also include a 529, Roth IRA (for parents and for kid when kid starts earning $), and other savings and investments.
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