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529s are one of the most financial-aid friendly vehicles in which to place your college savings. The Free Application for Student Aid (FAFSA) which is the standard formulation for financial-aid eligibility in the US, assesses parent-owned 529 plans at a low rate, no more than 5.64% of the account balance.

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Q: Will a 529 plan actually be detrimental when your kids apply for financial aid?
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