I've opened custodial accounts to teach my kids investing. Will that cut their college aid? — Rick B., Austin
Assuming you're otherwise eligible for need-based aid, then yes. Each of your children will be expected to contribute 20% of any money in a bank or brokerage account in her name every year. In contrast, you, the parent, will have to chip in at most 5.64% of your financial assets annually. And most MOREFeb 2, 2013 6:30 AM ET
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