Comments on: Understanding Grandparent-Owned 529 Plans https://thecollegeinvestor.com/41278/grandparent-owned-529-plan/ Navigating Money And Education Thu, 12 Sep 2024 18:52:07 +0000 hourly 1 By: Maureen Kane https://thecollegeinvestor.com/41278/grandparent-owned-529-plan/#comment-475043 Thu, 08 Dec 2022 18:05:16 +0000 https://thecollegeinvestor.com/?p=41278#comment-475043 Hi Mark: I contacted Ohio’s 529 College Advantage Plan, who states they are unaware of the change to Fafsa re: grandparent 529 being no longer being counted as asset and qualified distributions being counted as student income. I’m trying to be sure of the best way to save for grandaughter’s education. Thx!

]]> By: Mark Kantrowitz https://thecollegeinvestor.com/41278/grandparent-owned-529-plan/#comment-474646 Fri, 11 Nov 2022 18:10:26 +0000 https://thecollegeinvestor.com/?p=41278#comment-474646 In reply to Garrett.

Yes.

]]> By: Garrett https://thecollegeinvestor.com/41278/grandparent-owned-529-plan/#comment-474614 Fri, 11 Nov 2022 03:00:30 +0000 https://thecollegeinvestor.com/?p=41278#comment-474614 Regarding…

The 2024-2025 FAFSA is based on 2022 income, so qualified distributions from a grandparent-owned 529 plan starting in 2022 will no longer affect aid eligibility.

…Is this statement true also for a noncustodial parent 529 plan since they are treated similarly as a grandparent owned plan?

I really appreciate your wealth of knowledge on the subject. Thank you.

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