93195 t1_iui55os wrote on October 31, 2022 at 2:47 PM

Reply to comment by BourgeoisieInNYC in Savings for baby (private school and college)- is a 529 worth it? by Taileile

Your assets count in the FAFSA formulas too. Unless you are pretty low income, most “aid” is just going to be loans anyway. If you’re middle class or better, you’re not getting need based grants or free money, at least not under the system as it exists now. So don’t worry about it.

BourgeoisieInNYC t1_iui5ixt wrote on October 31, 2022 at 2:49 PM

Thank you!! I grew up in a super low income household and that mindset is still hard to break out of even if I’m much better off now than my parents were. Thanks again for the reassurance. Def setting up a 529 this week!