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How does being the beneficiary of a T. Rowe Price College Savings Plan account affect a beneficiarys eligibility for financial aid?

April 26, 2017account affect Beneficiary College Savings eligibility financial aid Plan price rowe t

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How does being the beneficiary of a T. Rowe Price College Savings Plan account affect a beneficiarys eligibility for financial aid?

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Money in a 529 plan is generally considered to be an asset of the parent, as opposed to the student/beneficiary. Enrollment in the Plan may impact the expected family contribution calculations used for financial aid. For more information, see Financial Aid FAQ in our college planning section.