Does having money in a savings account affect the amount of Financial Aid I receive for college?

I'm 20 years old and I'm curious because I don't want to spend all the money I earn or just stash it under a mattress. I'm wondering if there are any viable options available so that I could properly invest the money I earn. I've heard that stashing money in a savings account will affect how... show more I'm 20 years old and I'm curious because I don't want to spend all the money I earn or just stash it under a mattress. I'm wondering if there are any viable options available so that I could properly invest the money I earn. I've heard that stashing money in a savings account will affect how much financial aid I receive for college. If that's so, what's the maximum amount I can have in the savings account so that it doesn't affect my financial aid?

It would be best if there was a way for me to invest the money somewhere (savings, roth IRA, etc. etc.) without having to fear that it'll greatly reduce the aid I will get.
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