529 Savings Plans Will Hurt You When Applying For Financial Aid

There assessed assets and non-assessed assets. A 529 Savings Plan is an assessed asset and will count against you when applying for financial aid. The more money in your 529 plan, the less financial aid you will receive. If you didn't know this, it's not your fault. Most Americans think 529 plans are a good idea. Listen to today's show and understand why you should be focusing on non-assessed assets as part of your college financial planning.