Duke FinAid, 529, and divorced parents

Paying for College
1

<p>Can anyone tell me how Duke University would assess the 529 assets of the non-custodial parent of a child wanting to apply for financial aid at the college? I know that Duke is a PROFILE school, which lets them make their own rules regarding “their” money for aid, but does it work along the same lines as the 5.64% assessment if the parent is the owner of the account? </p>

<p>Thanks in advance if anyone can shed light on this! </p>

<p>T</p>

2

<p>I believe you are correct that a parent owned 529 would be assessed at the 5.6% rate by Duke and most private univ’s</p>