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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. 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 ...

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

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   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 ...

5. The new FAFSA: What you need to know to get financial ... - AOL

   www.aol.com/news/fafsa-know-financial-aid...

   The FAFSA determines eligibility for federal Pell Grants and federal student loans – and in most cases, the financial aid provided by colleges as well, though some require students to submit an ...

6. What is a 529 plan and how is it used? - AOL

   www.aol.com/finance/529-plan-used-175045824.html

   Tax and financial aid benefits. The 529 plan can offer several tax and financial aid benefits to participants: ... grandparent-owned accounts hurt a student’s financial aid capacity even more ...

7. 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 ...