Does having a retirement fund affect eligiblity to get grants or scholarship money for medical school? For my 1st yr - I have received a nice package but I am worried if next year - I will suffer in grants due to a recently opened retirement account. Note - it will be the only major asset I will have and its only about 10K. No finance possible from parents (I'm purely independent). I have only my father alive but he is not in the U>S and definetly not well off.