The Motley Fool Discussion Boards
Financial Planning / Inheritance Strategies
|Subject: Re: Help For A Friend||Date: 7/14/2005 2:32 PM|
|Author: wsmckenz||Number: 4309 of 5761|
it will hurt her kid's chance of getting scholarships or student loans
I wouldn't say 'hurt'. Her kids can get loans (lots of people whose parents have assets of 750K get student loans); it shouldn't affect them for merit-based scholarships; and obviously it will reduce their chances of getting need-based scholarships, since they no longer 'need' them.
Is there a way she can invest this money without it being shown as an asset in the eyes of student loans and scholarships?
The direct answer to her question is "probably not without lying or breaking the law in some way".
I would say that what your friend could use most is some education on exactly what this mone