
Suze School: 529 Plans and Roths - What You Can and Can't Do
Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
The Importance of a 529 Plan
The value of a 529 plan is generally considered an asset of the account owner, usually the parent. In most cases that you have to contribute to your home states 529 plan to qualify for a state income tax benefit. The impact on financial aid eligibility when applying for a need-based financial aid such as grants or scholarships can be different from accounts owned by the student.
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