Savingforcollege.com editorial corrections policy

Savingforcollege.com takes seriously its responsibility to provide accurate information, and will correct or clarify articles produced by the editorial department if we have made an error or published misleading information.

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It is our policy that any piece containing timely information must clearly identify the date when that page was posted or updated. Savingforcollege.com updates stories as time permits and as news events warrant, but such updates will not be considered corrections.

Corrections

Aug. 14, 2009 -- The article Coverdell fade-out! What should you do? stated incorrectly that tax-free withdrawals of interest, dividends and capital gains to fund college expenses no longer will be permitted after the end of this year. That statement applies to K-12 expenses only. The tax treatment for college-related expenses has not changed.

May 9, 2011 -- The article Best 529 plan strategy? Use other people's money in tip #2 stated that grandparent-owned 529 plans do not affect student aid eligibility. This is incorrect. While they aren't reported as an asset on the FAFSA, any distributions from a 529 plan that isn't reported as an asset on the FAFSA are treated as untaxed income to the beneficiary on the subsequent year's FAFSA.