If we saved money for college, can we still get financial aid?

Saving for college is always a good idea. Since most financial aid comes in the form of loans, the aid you are likely to receive will need to be repaid. Tucking away money could mean you have fewer loans to repay, and it won’t necessarily mean you’re not eligible for aid if you need it. A family’s share of college costs is calculated based mostly on income, not assets such as savings.