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New FAFSA Rules Opened Up A ‘Grandparent Loophole’ That Boosts 529 Plans

April 29, 2024

Beginning with the new 2024-25 FAFSA launched late last year, a student’s total income is only based on data from federal income tax returns. That means any cash support, no matter the source, won’t negatively affect financial aid eligibility. And though it’s called the “grandparent loophole,” any nonparent, including friends and relatives, can use it.

The Big Mistake Students, Families Make With Financial Aid

May 6, 2019

The largest provider of student financial aid in the U.S., the Department of Education awards about $120 billion in grants, loans and other funds to help millions of students afford education costs each year. But even though familiar with FAFSA, many people still fail to apply. CLICK ON THE HEADLINE FOR MORE

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Tag Archive for: free applications for federal student aid

New FAFSA Rules Opened Up A ‘Grandparent Loophole’ That Boosts 529 Plans

The Big Mistake Students, Families Make With Financial Aid

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