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Previously, distributions from a grandparent-owned 529 plan had to be reported as untaxed student income, which could reduce financial aid eligibility by as much as 50% of the withdrawal amount.
Parent-owned 529 plans count for up to 5.64% of the parent contribution considered by the Free Application for Federal Student Aid (FAFSA), while grandparent-owned 529 plans don’t negatively ...
A 529 plan offers several other benefits, including the ability to invest with potentially high-return assets such as stock funds, instead of being limited to low-return bank accounts.
The Illinois High School Boys Basketball Championship is a single elimination tournament held each spring in the United States. It is organized by the Illinois High School Association (IHSA). In 1939, H. V. Porter of the IHSA coined the term "March Madness" From 1908 to 1971, it was a single tournament contested by nearly all high schools in ...
The following is a list of Illinois High School Association member conferences. Schools that belong to these conferences compete with each other on a local level in athletics and non-athletic activities. As of the 2023-24 school year, there are 70 conferences within the IHSA.
A look at The Times’ top 25 boys' basketball rankings for the Southland after Week 5. Rk. School (Rec.); Comment; ranking last week 1. ST. JOHN BOSCO (11-0); Braves begin play Thursday in the ...
During the matchup, Randy Crews, a 6-foot 5 inch high school All-American guard from Bradley-Bourbonnais Community High School, became a defensive stopper in just his second varsity game by taking on the 6 foot 9 inch Hayes. The Illini were forced to use a slow-down style to keep the game close and stayed with the Cougars the whole game, losing ...
Continue reading → The post How the 529 Grandparent Loophole Works appeared first on SmartAsset Blog. A 529 plan can be a powerful way to save for college, offering tax-free growth and other tax ...