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I have a job that pays a good salary right now and I
want to go back to school. However, I don't have
much in assets aside from stuff locked up in
retirement savings. I rent, have one car, and
hardly anything in savings and checking due to
credit card debt.

I want to be eligible for aid, but I'm afraid
they are going to look at my salary and say, "Ah,
he can pay for school!" - despite the fact that I
won't HAVE that salary when I start school.

How does that really work? What parts of my
assets truly count against me? Does my 401k
or IRA count against me? I heard that it
was a good idea to take a bunch of money out of
savings (assets) and pay off credit card debt
since they don't take that into account, is
that true?

What's the best way, in terms of juggling
finances, for me to maximize my chances
of being eligible for aid?

Thanks,
tangrams


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