My generous parents want to help save an pay for my children's college - is it better for parents or grandparents to own the 529 plan?
Briefly

from 24/7 Wall St.4 months ago
Financing a college education is hindered by convoluted rules, particularly regarding 529 plans, which can impact financial aid despite being designed to assist.
24/7 Wall St.https://247wallst.com/personal-finance/2024/10/27/my-generous-parents-want-to-help-save-an-pay-for-my-childrens-college-is-it-better-for-parents-or-grandparents-to-own-the-529-plan/
Grandparent-owned 529 plans do not count against financial aid during FAFSA, but funds accessed from those accounts impact student income, complicating aid eligibility further.
24/7 Wall St.https://247wallst.com/personal-finance/2024/10/27/my-generous-parents-want-to-help-save-an-pay-for-my-childrens-college-is-it-better-for-parents-or-grandparents-to-own-the-529-plan/
Read at 24/7 Wall St.
#529-plans #financial-aid #college-education #personal-finance #tax-planning
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