Sentences with phrase «considered parental assets»

Because a 529 plan's assets are considered parental assets, a 529 will have a less negative impact on a student's financial aid award than money kept in other types of checking and / or savings accounts.

But, because 529 savings plan assets are considered parental assets, they are factored into federal financial aid formulas at a maximum rate of about 5.6 %.

These assets are considered parental assets and are factored into federal financial aid formulas at a maximum rate of about 5.6 % versus the 20 % rate that is assessed on student assets.

For college - financial aid purposes, the plans are typically considered a parental asset, which means their impact on aid eligibility is far less than if they were deemed the student's asset.