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December 22, 2007


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Great post! Thanks for all of the recent posts on 529's. I'm opening one up as a Christmas present for my niece (actually for her mother and father :-), but I had forgotten the specifics about them being counted as parental assets in determining federal financial aid eligibility.

10% is alot to lose if you don't use the money for child's school. If you only have one child, and the kids goes to a low cost school, the rest of your investment will suffer the 10% penalty.

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