Can you use an irrevocable trust for student financial aid?

Answer by  salsafoodie (3146)

You can use a trust for student financial aid. You will need to go to the college with the proper paperwork to complete this process.

Answer by  tamarawilhite (17883)

If the trust is set up with the intended student as a beneficiary, either in part or in entirety, and education is included in its accepted uses (usually health, welfare, education), then the money can be used for college. If the trust can be used for education, then tuition, fees, books, and usually room and board are covered.

Answer by  reemasidz (61)

No, not until the person who has authorized the trust change the terms of agreement for it. If the situation of the student does not allow the terms being changed, then this money cannot be used for financial aid.