Does savings account influence FAFSA eligibility

[ellenDegenerate]

HI, everyone!

Since undergrad(5 years) I have had decent job working for a futures trader and managed to scrimp and save, about 20K in savings. When I apply for financial aid will the government expect that I use all, some, or none of my savings before I receive aid? My plan is to use that money to invest/trade to help pay for living expenses along the way. If you have experience with investing during grad school, or how savings affected your financial aid, i would greatly appreciate insight or feed back.

p.s.

If it does, are there any creatives out there who care to share their experiences taking the long way home?

Thanks so much,

EllenDegenerate

[Bison_PhD]

While I can't say exactly how much it will affect your EFC (estimated family contribution), I know that they do take that information into account when calculating it.