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FAFSA Loans & 529 Plan Explained – College 101 (Part 15) 🎓💡 When planning for college, FAFSA is often the first thing parents think about but it’s not the only tool available. 📌 What is a 529 Plan? A tax-advantaged college savings plan that can be used for: ✔️ Tuition & fees ✔️ Room & board ✔️ Books & supplies ✔️ Required equipment 💡 Why 529 Plans Matter * Earnings grow tax-free when used for education * Owned by parents—not the student * Has less impact on FAFSA compared to student assets ⚠
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FAFSA Loans & 529 Plan Explained – College 101 (Part 15) 🎓💡 When planning for college, FAFSA is often the first thing parents think about but it’s not the only tool available. 📌 What is a 529 Plan? A tax-advantaged college savings plan that can be used for: ✔️ Tuition & fees ✔️ Room & board ✔️ Books & supplies ✔️ Required equipment 💡 Why 529 Plans Matter * Earnings grow tax-free when used for education * Owned by parents—not the student * Has less impact on FAFSA compared to student assets ⚠
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