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Reply to "Will being listed as a beneficiary hurt financial aid chances?"
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[quote=Anonymous]Just found out that my parents set up a TOD Mutual Fund Account to help pay for DDs college expenses that lists me as the beneficiary. It is not a 529 college account. Our DD is an only child, so we have not been through the Financial Aid/ Merit Aid process before with another child and have not seen the forms or info required. Does anyone know if me being listed as a beneficiary of this account will hurt DDs chances for aid? Would this amount count as income? Since DD is a junior, we still have time to fix this if necessary. Any info or resources would be most appreciated. Thank you.[/quote]
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