
154 | Hacking The FAFSA | Brian Eufinger and Seonwoo Lee
ChooseFI
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Strategic HELOC Usage for College Funding
The chapter explores using a HELOC as a financial tool for college planning, discussing a scenario where a family strategically moved funds to impact FAFSA eligibility. It emphasizes the significance of smart financial planning and understanding financial aid regulations. Strategies for maximizing financial aid, the impact of asset ownership on aid eligibility, and the interplay between 529 plans and scholarships are also covered.
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