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When Grandparents & 529 Plans for College Savings Clash

As more and more grandparents are opening savings accounts to fund their grandchildren’s future schooling, it has become a growing issue that it can hurt their chances of ever receiving financial aid.

In a 529 savings plan, after-tax contributions grow tax-free and earnings can be withdrawn without a tax hit– as long as they are used to pay for qualified college expenses such as tuition or room and board.

To read the full story please click the link below.

WSJ-When Grandparents and 529 Plans…