Post by @thelegacyinvestingshow

The way you open a 529 can affect how it shows up on FAFSA. A parent-owned 529 is generally counted as a parent asset, which can increase the Student Aid Index. A grandparent-owned 529 is treated differently under the current FAFSA rules and can stay outside that parent-asset calculation. So before opening or moving a 529, check: - Who owns the account - Who the beneficiary is - Whether your plan allows an ownership change - Any tax consequences - Whether the school also uses the CSS Profile The account itself matters. But the ownership structure matters too. Follow for more strategies on taxes and building family wealth.