What is the impact of a CollegeChoice 529 account on Indiana state financial aid?
If you and your beneficiary are Indiana residents, there is no impact on state financial aid. For more information on Indiana state financial aid, click here. * Earnings on non-qualified withdrawals are subject to federal income tax and may be subject to a 10% federal penalty tax, as well as state and local income taxes. The availability of tax or other benefits may be contingent on meeting other requirements. See the Disclosure Statement for more details on qualified expenses.
