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Keep cash or pay off debt before bschool? [#permalink]
27 Mar 2011, 18:32
I have a question about financial aid. I know that generally it's better to have a lower net worth when applying for aid, but at what point does it stop mattering?
For example, let's say I have cash and stocks worth $50,000 and debt of $25,000. Would my financial aid change significantly if I paid off the debt before applying? The interest on the debt is pretty cheap, so I'm not worried about that. All things considered, I'd prefer to have more cash on hand but not if it would significantly hurt my aid package.