Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Putting money in a Roth can be a good plan; parents' retirement funds are generally not considered assets in financial aid formulas.

However -- you and your children should save early, save often, save as much as possible for college. Yes, this may decrease your children's eligibility for need-based financial aid. That's because they will have less *need* -- and they can look forward to graduating with less loan burden than their fellow students who had less savings for college.

See for strategies for maximizing your eligibility for need-based student financial aid.
Print the post  


Paying For School Guide
Trying to Tackle Tuition? The Motley Fool's Guide to Paying for School will help you fight those rising education costs.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.