Summer will be here before we know it! With the new season comes the option for summer sessions at colleges and universities.
More than half of full-time students pay for college with the help of financial aid— a combination of awards including grants and scholarships, work study and loans. But if your family is applying for financial aid and you have a tax-advantaged 529 college savings plan, will that affect the financial aid package your college student receives?
Your 529 plan can now be used to fund tuition costs for private and religious K-12 education, up to $10,000 per child per year.