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WCI #294: Finance For the Whole Family

White Coat Investor Podcast

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The FAFSA Does Not Care About Money in a 529

The FAFSA, the federal application for free student aid does not care about money in a 529 owned by your aunt. So if you paid for expenses when there were college freshmen, that could affect eligibility when they're a sophomore. Your kids aren't going to get anything on a needs based aid anyway so go ahead and just use the 529.

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