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Reply to "Answer provided: How will a 529 plan affect my child's chances to qualify for financial aid?"
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[quote=Anonymous]If you are earning above the cut-offs for federal aid, then the schools can do whatever they want and call it "merit aid." How much does the school want you? that's the question. 529 balances don't count for the computation of Pell grants and federal student loan amounts. Pell is probably irrelevant if you are on this forum. [/quote]
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