529 impact on need aid

kelsmom
Tue, 27 Jan 2026 13:10:11 +0000

Yes, reporting rules have changed. Gifts to a student are no longer reported on FAFSA. 529 owned by parents is reported in parent assets; 529 owned by student is reported in student assets. 529 owned by anyone else is not reported - it can be used to pay for the student’s costs without affecting FAFSA. (CSS Profile may require the information, though).