For an initial grant of financial aid, your family income is calculated during the "base year," defined as the full calendar year beginning two years before high school graduation—that is, the last half of sophomore year and first half of junior year. It is in your interest to do what you can to minimize your family income during the base year.
Be sure to roll over any retirement plan or IRA distributions you receive, to minimize your income. Retirement plan monies do not count as assets when applying for federal financial aid.
Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC. Insurance products are offered through LPL or its licensed affiliates. Premier America Credit Union and Premier America Investment & Retirement Services are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Premier America Investment & Retirement Services, and may also be employees of Premier America Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of Premier America Credit Union or Premier America Investment & Retirement Services. CA Insurance License #0759204, TX Insurance License#1643255.
Securities and insurance offered through LPL or its affiliates are: