| Author |
Message |
John Baker
Guest
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| Posted: Mon Nov 22, 2004 9:33 pm
Post subject: 529 Plans and Aid Eligibility |
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Hi:
Can someone tell me if money invested in 592 Plans by grandparents is considered in
evaluating a students eligibility (or amount) for financial aid?
Thanks
John Baker
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Steve Blank
Guest
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| Posted: Mon Nov 22, 2004 11:28 pm
Post subject: Re: 529 Plans and Aid Eligibility |
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|
John,
529 Savings Plans belong to the benefactor that set it up, not the
student. If owned by the grandparents, it is not reportable on the
FAFSA. If owned by the parents it is reported as a parent asset.
Steven B. Blank
College Financial Aid Consultants
29 Ives Hill Court
Cheshire, CT 06410
(203)250-7761
John Baker wrote:
| Quote: | Hi:
Can someone tell me if money invested in 592 Plans by grandparents is considered in
evaluating a students eligibility (or amount) for financial aid?
Thanks
John Baker |
|
|
| Back to top |
|
|
John Baker
Guest
|
| Posted: Wed Nov 24, 2004 9:00 am
Post subject: Re: 529 Plans and Aid Eligibility |
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|
Thank you very much.
John Baker
Steve Blank <steve@randallblank.com> wrote:
| Quote: | John,
529 Savings Plans belong to the benefactor that set it up, not the
student. If owned by the grandparents, it is not reportable on the
FAFSA. If owned by the parents it is reported as a parent asset.
Steven B. Blank
College Financial Aid Consultants
29 Ives Hill Court
Cheshire, CT 06410
(203)250-7761
John Baker wrote:
Hi:
Can someone tell me if money invested in 592 Plans by grandparents is considered in
evaluating a students eligibility (or amount) for financial aid?
Thanks
John Baker |
|
|
| Back to top |
|
|
| |
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