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A Parent’s College Savings List – Part 4 Tax & Financial Aid Implications, Misc. Items

It’s incumbent on you to research college savings options carefully, just as you would research any investment opportunity. The following are a few of the many investment questions you should ask about each college savings option presented here:

Tax and Financial Aid Implications

What is the impact on financial aid? Is it treated as an asset of the parent (5.64%) or the child (20%) during need analysis, or as a resource (100%)?
What are the tax advantages of the plan?…