Hello everyone
I have a dilemma with 529 plan.
If I use a 529 plan (currently daughter is 1 year old) does this exclude her from getting merit based scholarships?
I believe that it will not. My wife disagrees and does not want to open a 529 plan for our child at this time.
certainly having a large 529 plan will likely disqualify for need based and grants but merit scholarships should not be affected.
Some people are saying by anecdotal evidence that kids wont get merit based scholarships if there is a 529 plan
thanks in advance for the comments.
I have a dilemma with 529 plan.
If I use a 529 plan (currently daughter is 1 year old) does this exclude her from getting merit based scholarships?
I believe that it will not. My wife disagrees and does not want to open a 529 plan for our child at this time.
certainly having a large 529 plan will likely disqualify for need based and grants but merit scholarships should not be affected.
Some people are saying by anecdotal evidence that kids wont get merit based scholarships if there is a 529 plan
thanks in advance for the comments.
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