Can a 529 reduce future financial aid?
It depends on how you set it up.
Every account has an owner and a beneficiary.
(529 Owner > 529 Beneficiary)
And that's what determines how much of the federal financial aid pool you can get.
(100% Grants, Scholarships, Student Loans, Work Study)
When a parent owns the account for a child, the impact is very small.
If that same child's grandparent owns it, zero impact. Go grandparents!
When the beneficiary owns the account, it can have a slightly higher impact
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