<p>I’m 24 years old and not a dependent of my parents so I filled out my FAFSA and received aid based on status as an independent student. My aid package does not fully meet my need. My parents have a 529 plan in my name. Can this still be used to cover the difference in between my financial aid award and my need?</p>
<p>They need to check with their tax adviser but yes, it should. They may have to transfer ownership to you first.</p>
<p>Yes I think so, as long as you’re the designated beneficiary or members of the beneficiary’s family</p>