student aid question
can someone please explain how adding voluntary parent contributions help increase the amount of aid you receive?
Edit: guys i know it’s supposed to reduce it. But with the changes in how they expect parents to contribute this year, i just want to know why some people are adding RESPs to 3k a year as a method to increase the loans they receive, yk as opposed to being ineligible to receive anything at all
Upd: doing this will not increase the amount of loans