Sibling 529 and student financial aid

longbeachdad
Tue, 24 Jul 2018 17:38:40 +0000

This is a question about the impact of one child’s grandparent 529 on another child’s aid.

We have two students in college: student1 at a private school gets lots of financial aid, student2 in very low cost community college doesn’t qualify for aid. Also there’s student3 in her base year. All over 18 by the end of this year.

If student2’s community college tuition is paid from grandparent owned 529, is there any way that could have an impact on student1’s financial aid? I ask that because I understand that grandparent 529 will be treated for aid purposes as income to student2.