I'm on a joint account with my grandfather - I don't withdraw money from the account, and according to him I couldn't close it. I've been told that although you DO have to report these accounts to FAFSA, it won't affect your EFC. But, will it affect the amount of aid given to me by individual schools?
There are a few tens of thousands of dollars in it, I'm not sure the exact amount because he manages the account and does not allow me to withdraw money.
mommyoftwo53
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If you cant withdraw money (so the account is pretty useless for you) why don't you go and take your name off the account (something you CAN do) because if there is really that much money sitting in that account it will hurt you because it shows your school could be paid for.
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you recognize my dad informed me approximately all those issues its very extraordinary. i might say have decrease than 500 or one thousand on your checking savings. I mean thats no longer too plenty that would impression training help. good success!