529 impact on need aid

cag60093
Tue, 27 Jan 2026 00:19:32 +0000

If a student currently receives need aid, does a 529 established by family members (not student’s parent) impact the need aid? We have two accounts that our older children did not use all the funds. We would like to change the beneficiary to our nephew who has one year remaining. If we make the change soon, can the account be used for this semester’s costs without impacting next year’s aid from the university. He has not received aid letter for next year yet.