financial aid question

Posted

Has 4 years experience.

I inherited money from my grandparents passing. If I move that money into my mom's bank account, would I get more financial aid or would it be questioned that the money was moved? The money I received is going toward my education like books, to the difference from the financial aid, and also for health insurance which is $2,115 a year. My school is expensive...it's around $16,000 per semester. Nursing students pay an extra $1,000/semester for lab fees. I need to squeeze all the financial aid I can get. The money I inherited is about $15,000 and I have about $2,000 more saved from work.

I have talked to the financial aid office at my school, but I would like to ask here also. Thank you.

LpntoRN2be

37 Posts

in my experience what you have in your account is not really factored. In fafsa doesnt ask for your account numbers.

NurseGirl525, ASN, RN

Specializes in ICU. 3,663 Posts

It also depends on how old you are and where you live, a lot of things get taken into account. I think now if you are under 24 they consider your parents financial assets. I think. My advice is going to be listening to your financial aid people.