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Reporting Prepaid Tuition Plans and 529 Plans on the FAFSA for Independent Students

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<b>I'm confused as to how to treat a prepaid tuition plan when applying for financial aid. I'm an independent student but I have a small prepaid tuition account which is held by a parent as account owner with me as the beneficiary. Since I don't list parent assets when filling out the FAFSA, do I need to list the prepaid tuition plan? If so, how does this effect my financial aid? Do I list the current value of the plan? <em>&mdash; Jim C.</em></b> The College Cost Reduction and Access Act of 2007 changed the treatment of qualified education benefits effective July 1, 2009. Quali... Full Story

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  • +26

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