What impact does an Education IRA have on the student's ability to obtain financial aid?For example, say Jane is enrolled in XYZ University and wants to get financial aid. The amount of her tuition, room, board and books for the year is $15,000. Jane has $3,000 in savings in her name and her parents have $6,000 in savings in their names. With no Education IRA, Jane's calculated *need* would be $15,000 less $3,000 (Jane's savings) less X% of $6,000 (her parents' savings). (I am unsure of the percentage of parents' savings that is used in the calculation.) If Jane had an Education IRA, would the entire amount be deducted to determine her *need* or would a percentage be deducted? In other words, does an Education IRA have a negative impact on the student's ability to obtain financial aid?