Myth Busters: Will my529 savings affect financial aid?

Myth Busters: Will my529 savings affect financial aid?

Myth: Owning a my529 account will negatively affect my financial aid.

Not so! 529 assets are factored in as part of the Expected Family Contribution (EFC), but all parental assets only count up to 5.64%.

Parents can check out more resources and information on 529 plans and your children, including the College Savings Estimator to help you plan ahead for future expenses.

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