Why putting more into a 401(k) can now increase your college financial aid
Photo: mangpor2004 (Shutterstock) The Free Application for Federal Student Aid (FAFSA) determines your eligibility for need-based financial aid for college. In previous years, the FAFSA asked families about the amount they contributed each year to employer-sponsored retirement accounts, like 401(k)s, and factored it into overall annual income households, thereby reducing their eligibility for assistance based …