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Is the age of the parent taken into consideration in determining eligibility for need-based aid?

April 26, 2017age aid consideration determining eligibility need-based parent

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Is the age of the parent taken into consideration in determining eligibility for need-based aid?

2 Answers

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The age of the parent is a factor that is considered under federal methodology. The closer the parent is to retirement, the higher the asset protection allowance.

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The age of the parent is not taken into consideration under institutional Methodology but is a factor that is considered under federal methodology.