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Showing content with the highest reputation on 11/05/2020 in all areas
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I have a foggy memory that the biggest issue is that the way it's disbursed may affect the way it's reported on the FAFSA affecting the amount of financial aid ?2 points
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I'm not sure about the FAFSA reporting. But I think there are some new rules and options for the 529 accounts. Primary & secondary school eligibility and also payments toward student loans. This may be limited to $10k. But if FAFSA is affected, it may be better for the student to borrow more and then have the 529 funds go toward the loan.1 point