“Grandparent owned 529 doesn't count at all on her financial aid form. It used to be that it would be income for her, which was really not good because it was taxed at 20% rather than 6.24. Now it doesn't count at all.”

John Hupala · Agency Intelligence: The Insurance Podcast Network · Stuff About Money: Episode 111: Is College Still Worth the Investment?

Play from 13:30
13:30

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What was described

state that grandparent-owned 529 accounts no longer count as income on a student's FAFSA

Said nearby on the same subject

“I know the Georgia 529 plan has a state tax deduction. So they can put right now it's, I think, $4,000 each for an account.”
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“Take a percentage of my income and no matter what automate it so I don't see it, put that in the investment account.”
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“It does count as a business expense as well. Just remember that. Business training and business mentoring would count as a business expense.”
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Said on Jewellers Academy Podcast
Contrarian take Share this moment

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