Qualified tuition plans like these are only reported on the FAFSA when either the parents or the student are the account owners.
Not exact matches
He again defended his spending
plan as fashioned for the middle class, especially with proposals
like free
tuition for
qualifying students at public colleges.
Contributing to an education
plan like qualified tuition programs (QTPs, or 529
plan contributions) and Coverdell Education Savings Accounts (ESAs) will not
qualify you for a deduction on your federal return.
Your savings in 529
plans grow tax - free and can be withdrawn tax - free if the funds are used for
qualified educational expenses
like tuition, fees, and books.
Earnings accumulated in the
plan are not subject to federal taxes and, in many cases, state taxes (if you're a resident of the sponsoring state)-- as long as funds are used for
qualified higher - education expenses
like tuition, housing and books / equipment.