How does my participation in the Prepaid College Trust affect my ability to receive financial aid?
A Beneficiary may wish to participate in federal, state, or institutional loan, grant, or other programs for funding higher education. An investment in the Prepaid College Trust may or may not have an adverse impact on the Beneficiary’s eligibility to participate in need-based financial aid programs. Assets in the Prepaid College Trust or another 529 plan would typically be included on the Free Application for Federal Student Aid (FAFSA) form as a parental asset, which is assessed at a lower rate than a student’s asset would be when determining a family’s expected contribution. Since the treatment of Account assets under any such program may have a material effect on your Beneficiary’s eligibility to receive valuable benefits under financial aid programs, you or your Beneficiary will need to check the applicable laws or regulations or check with the financial aid office of an Eligible Institution and/or your tax advisor regarding the impact of an investment in the Prepaid College Trust
A Beneficiary may wish to participate in federal, state, or institutional loan, grant, or other programs for funding higher education. An investment in the Prepaid College Trust may or may not have an adverse impact on the Beneficiary’s eligibility to participate in need-based financial aid programs. Assets in the Prepaid College Trust or another 529 plan are typically be included on the Free Application for Federal Student Aid (FAFSA) form as a parental asset, which is assessed at a lower rate than a student’s asset would be when determining a family’s expected contribution. Specifically, Prepaid College Trust Accounts are to be reported on the FAFSA using the Account Value, which is available for all current Accounts by accessing your Account(s) online in the Account Summary Section. Since the treatment of Account assets under any such program may have a material effect on your Beneficiary’s eligibility to receive valuable benefits under financial aid programs, you or your Beneficiar
