A 529 college savings plan is the most take - advantaged way of saving for college and it has a minimal impact on financial aid eligibility. (baltimoresun.com)
In contrast, a 529 plan will be considered for financial aid eligibility purposes. (insuranceandestates.com)
But in some situations, you might lose federal financial aid eligibility and be unable to take out federal student loans. (studentloanhero.com)