Will opening a savings account interfere with my eligibility for financial aid when i attend college?

Question

my mom and i have VERY little money, and i want to start saving now in order to attend stanford university. ( i am in 11th grade btw). if i open a savings account, will it affect the amount of money i will get from financial aid and grants? i really cant afford stanford, but i think i have a high chance of being accepted. thanks.

Answer 1

opening a savings account will not stop or hinder you from getting financial aid in college.