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Five things to know about 529s and financial aid

by Joseph Hurley
To help clear up any confusion, here are a few things to remember about how 529 plans are treated under the federal aid formula.

 

Financial aid basics

Intro to financial aid
Learn the basics of the federal financial aid system and how your savings may impact eligibility.

Financial aid calculator
Estimate your Expected Family Contribution (EFC) to see how much financial aid you qualify for.

15 facts about financial aid eligibility
Quick tips to help you get more financial aid bring down your out-of-pocket cost.

How 7 different assets affect financial aid
Find out what you'll need to report on your FAFSA.

Student loan FAQs
Know before you borrow.

Tools & calculators:

Financial aid calculator
Estimate your Expected Family Contribution (EFC) to see how much financial aid you qualify for.

Savings comparison tool
See how your assets will affect financial aid eligibility

Savings vs loans calculator
Find out how much more expensive it is to borrow rather than save for college.

Video

Savingforcollege.com explains how 529 plans might affect financial aid.

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