does annuities and lfe insurance count towards college planning

i have college planning companies calling me to write annuities and life insurance so it does not count against the families who are looking for loans and grants.

I thought it all counts unless the annuity or life insurance is under trusts and if you don’t list it, its a Federal law to do so.

Am I correct or wrong on this?

Thank you for any help,

Douglas



They are correct. See Item 7 under “Sheltering Assets” in this article:   http://www.finaid.org/fafsa/maximize.phtml



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