Finance

Average Start for 529 College Savings (Age 7) Is Costly, Study Finds

Another factor, Ms. Hume said, may be confusion about how a 529 account affects a student’s chance of receiving need-based financial aid. The effect depends on who owns the account. Student aid experts say the effect is generally minimal when a parent owns the account for the benefit of a dependent student. The impact can

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FAFSA Says How Much You Can Pay for College. It’s Often Wrong.

(Families earning less than $26,000 a year can qualify for an “automatic zero” E.F.C., if they meet certain requirements.) The formula also considers parents’ and students’ assets — and some allowances have actually become less generous over the years. Retirement savings and home equity are excluded from the federal formula, but the amount of other

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