1. Home
  2. Business & Finance
  3. Saving for College

Beginner's Guide to Roth and Traditional IRA's as College Savings Accounts

By Ken Clark, About.com

4 of 6

Eligible Expenses and Effect on Financial Aid for a College IRA

Eligible Expenses:

  • Tuition at the college level or higher (but not room and board)
  • Books, equipment, and fees (if required by the school)

Effect on Federal Financial Aid Eligibility:

Money held in retirement accounts such as a Traditional or Roth IRA does not need to be reported on the Federal FAFSA form. Thus, it will not hurt financial aid eligibility.

Explore Saving for College
About.com Special Features

Start your new business on the right foot with these helpful tips. More >

Easy steps to take control of your credit card debt. More >

  1. Home
  2. Business & Finance
  3. Saving for College

©2009 About.com, a part of The New York Times Company.

All rights reserved.