How Grandparents Can Help Grandchildren with College Costs
accounts do not need to be listed as an asset on the federal government's financial aid application, the FAFSA. However, distributions (withdrawals) from a grandparent-owned 529 plan are reported as untaxed income to the beneficiary (grandchild), and this income is assessed at 50% by the FAFSA. By contrast, parent-owned 529 accounts are reported as ................
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