How Does A 529 Plan Impact Expected Family Contribution? скачать в хорошем качестве

How Does A 529 Plan Impact Expected Family Contribution?

Are you wondering how your college savings efforts might impact your financial aid eligibility? This video breaks down how a 529 plan can actually work to your advantage when calculating your Expected Family Contribution (EFC). Discover the key benefits of using a 529 plan for college savings: ► Assets held in a 529 plan are typically counted as parental assets, which are assessed at a much lower rate for EFC calculations than student assets. ► Only a small fraction (up to 5.64%) of parental 529 assets are included in the EFC, significantly less than the roughly 20% for student-owned assets. ► Qualified withdrawals from a 529 plan do not count as income for financial aid purposes, protecting your aid eligibility. ► Learn strategic tips, like ensuring parents are the account owners, to maximize the favorable impact on your EFC and potential financial aid. #529Plan, #EFC, #FinancialAid, #CollegeSavings, #StudentAid, #EducationPlanning