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2. The ‘grandparent loophole’ is putting much-needed money back ...

   www.aol.com/finance/grandparent-loophole-putting...

   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.

3. Grandparents and Advisors Need to Know About These 529, FAFSA ...

   www.aol.com/finance/grandparents-advisors-know...

   State and federal tax benefits make a 529 college savings account one of the more strategic ways to save money for college. But savers should be aware: Upcoming changes to the Free Application for ...

4. New bill allows unused 529 college funds to become a ...

   www.aol.com/finance/bill-allows-unused-529...

   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 ...

5. What to Know About the 529 Grandparent Loophole

   www.aol.com/finance/know-529-grandparent...

   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 ...

6. What to know about changes to this year’s FAFSA application ...

   www.aol.com/know-changes-fafsa-application...

   NEW YORK (AP) — A new version of the federal student aid application known as the FAFSA is available for the 2024-2025 school year, but only on a limited basis as the U.S. Department of ...

7. My wife and I saved up $73,000 in 529 college savings plans ...

   www.aol.com/finance/wife-saved-73-000-529...

   A 529 plan is a tax-advantaged savings plan designed to help parents or grandparents cover the costs of their child’s or grandchild’s education. Named after Section 529 of the Internal Revenue ...

8. Saving for College? Everything You Need to Know About 529 Plans

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   529 plans offer considerable convenience and potential tax savings when putting money aside for education. That said, there are still a range of rules you’ll need to know (and follow).

9. What You Need to Know Before Gifting a 529 Plan - AOL

   www.aol.com/finance/know-gifting-529-plan...

   As grandparents and other relatives look for a way to leave a legacy and impact the next generation, younger people are facing record-high college expenses and unmanageable student debt.