The Truth About Grandparent-Owned 529 College Savings Plans And College Aid

529 college savings plans are a great way for grandparents to save for a grandchild's college education costs. Grandparent-owned 529 plans don't get counted as an asset on the grandchild's college aid form, but distributions do get counted as income to the child. This post explores the real impact on aid eligibility and when it really matters.