Saving for college is always a good idea. While having significant money in the bank may reduce financial aid eligibility slightly, the amount you save will always help you pay for college much more than the small loss of financial will hurt you. But did you know that which family member’s name you save in can have a dramatic effect on the financial aid calculations? Tune in to the latest installment of the College Coach video series, We Can Explain, to learn if it’s better to save in the student’s account or the parents’ account. Head over to the College Coach YouTube channel to watch “Saving for College – Tips You Need to Know.”

Written by College Coach
College Coach® is the nation’s leading provider of educational advising, offering expert guidance from the best college admissions consultants on the college admissions and finance process. Our goal is to help each student maximize his or her chances of success through services focused on their personal desires, goals, individual strengths, and accomplishments.