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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. Expected family contribution - Wikipedia

   en.wikipedia.org/wiki/Expected_Family_Contribution

   There are a number of free calculators on the Web to help applicants estimate the EFC before filing the FAFSA. Recipients of need-based financial aid must reapply for each year by completing a new FAFSA. The term and concept of Expected Family Contribution was replaced by the term Student Aid Index (SAI) in 2024. [2]

6. With FAFSA submissions way down, education officials ... - AOL

   www.aol.com/finance/education-department-urges...

   For instance, at the City University of New York, or CUNY, the deadline to commit has been extended to June 1 for applicants who hadn’t received federal financial aid data until April.

7. What to Know About the 529 Grandparent Loophole

   www.aol.com/news/know-529-grandparent-loophole...

   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 ...

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

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

   The FAFSA is a free government application that uses financial information from you and your family to determine whether you can get financial aid from the federal government to pay for college.

9. 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 ...