You will be amazed to know that students who belong to the high income groups have managed to get a huge discount on their course fee. You must avoid putting a large amount of money in your child’s name, because you never know when the rules concerning financial aid might change. We recommend consulting a financial expert before coming to a conclusion.
The trust does not fit with the financial aid. In other words- if, you are looking to save for your child’s education, then choosing a trust is not a good option. Trust is generally perceived as a rich kid’s fund, that is offered to the financial officers of the college.