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Coverdell Savings

Posted on April 17, 2010.
Coverdell SavingsQuestion about 529 savings plans and Coverdell Education Savings Account?

If you have a 529 savings plan do you qualify for financial aid change? and does the Coverdell education savings plan to qualify for college?

A 529 plan affect the expected parental contribution formula for financial assistance.

A Coverdell Education Plan will change the student contribution expected from the formula for financial assistance.

Thus, both can potentially reduce overall aid eligibility, but it really depends on how you're weak to start and the accumulated value in these plans

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