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How Will My 529 Plan Affect My Financial Aid?

(August 13, 2020) - Families often wonder what the effects of 529 plans are on financial aid and how the two work together. The answer depends on a couple of key questions: who owns the plan and when withdrawals are taken. In most cases, your 529 plan will have a minimal effect on the amount of aid you receive and will actually end up helping you more than hurting you.

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