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If I open an Arizona Family College Savings Program account, will the beneficiary still be eligible for financial aid?

April 26, 2017account Arizona Beneficiary College Savings eligible family financial aid program

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If I open an Arizona Family College Savings Program account, will the beneficiary still be eligible for financial aid?

1 Answer

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10 Posted

For state financial aid, the balances in an account will not be treated as income of the parents, nor of the student when determining financial need. Federal based programs may take the account balance into consideration as a parental asset when determining eligibility.