Recommended

Crypto Deposit Make instant crypto transfers to your futures account
USDT-M Perpetual Futures Trade futures contracts settled in USDT
VIP Fee Discounts Enjoy different fee discounts based on your VIP level
Coin-M Perpetual Futures Trade futures contracts settled in cryptocurrency
Fiat Deposit Buy your favourite coins in seconds
Affiliates Invite friends & get rewarded
Convert Covert your crypto instantly
Support Centre Find our FAQs here
Announcements Find all our official announcements
BTCC Academy Learn about blockchain and crypto
News The latest trends in the crypto market

Promotions

Referral
Campaigns
Assets
Crypto Deposit
Fiat Deposit
Convert
Transfer
Withdraw
My vouchers
Fund history
Dashboard
Account Security
Identity verification
API Management
Transaction Report
Log out
register
Report post
does a 529 plan affect financial aid Bnb XRP aave Bonk coinbase futures litecoin futures cardano futures

Are 529 college savings plans a good idea?

There are many benefits to 529 college savings plans. They provide tax and financial aid advantages to families who save for college. Saving for college reduces student loan debt at graduation and increases college choice. But it can also affect eligibility for need-based financial aid.

Does a 529 plan affect financial aid?

Saving for college reduces student loan debt at graduation and increases college choice. But it can also affect eligibility for need-based financial aid. Depending on who owns the 529 plan account, a 529 college savings plan may affect either the income or the assets reported on the Free Application for Federal Student Aid (FAFSA).

How does a 529 account affect a child's financial aid?

A parent’s assets are calculated at the most favorable rate. Meaning, they are expected to contribute a smaller portion of their assets, and the child would be eligible for more financial aid. A student owns a 529 account. The 529 plan would be counted under the student’s assets.

Related articles

The World's Leading Crypto Trading Platform

Get my welcome gifts

Exchange for a better future

Products
Services
Guides
About Us
Terms & Agreement
Customer Service

Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

The world’s longest-running cryptocurrency exchange since 2011 © 2011 - 2025 BTCC.com. All rights reserved