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Trump Accounts: How They Could Impact College Aid Eligibility
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- Over 6 million children signed up for Trump Accounts, with $50 million in contributions.
- While geared for retirement, funds can be used for college at 18.
- However, these accounts may reduce need-based aid eligibility by 20% of their value when reported on the FAFSA.
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Over 6 million children signed up for Trump Accounts, with $50 million in contributions. While geared for retirement, funds can be used for college at 18. However, these accounts may reduce need-based aid eligibility by 20% of their value when reported on the FAFSA.
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This article was originally published by CNBC.
