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Need-Based Aid versus Merit Aid:Need based aid is determined based on your ability to pay. Merit aid is based on why a college may want you on campus, i.e. high academics, geography, ethnicity, musical talent, sport, etc. 1) Tax Planning Before college starts.. – Set up 529s…. some states allow state tax deduction for contributions.
By Brad Baldridge4.9
3535 ratings
Need-Based Aid versus Merit Aid:Need based aid is determined based on your ability to pay. Merit aid is based on why a college may want you on campus, i.e. high academics, geography, ethnicity, musical talent, sport, etc. 1) Tax Planning Before college starts.. – Set up 529s…. some states allow state tax deduction for contributions.

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