Steven Merrell, Financial Planning: Grandparents and 529 plans
In December, a new simplified FAFSA (Free Application for Federal Student Aid) form was adopted for the 2024-2025 academic year. Not only is this new form shorter (it reduces the number of questions asked from 108 to 46), but it also eliminates any references to cash gifts from grandparents. The new FAFSA makes grandparent-owned 529 plans much better than before.
Free Application Federal Student Aid Student Aid Index Family Contribution Income Protection Allowance Parent Contribution
Source: montereyherald.com