Second Home and 529 Plan......

billcsho
Sat, 08 Aug 2015 19:26:49 +0000

529 are considered the assets of the owner (typically parents). Together with the other assets, you have $265k. The amount in 529 alone would not block your kids off from aid as they are not the owner and the money does not directly associate to them. One way or the other, after you use part of assets for whatever purpose, your EFC will be lower slightly. Nevertheless, it seems you are looking at an EFC ~$50k.