Education Savings Vehicles

Free CFP Exam lesson in General Principles of Financial Planning. 16 min read, ~2,395 words.

529 plans dominate: no income limits, tax-free qualified withdrawals, superfunding up to $95,000/$190,000, FAFSA-friendly at 5.64%. Coverdell ESAs cap at $2,000/year and phase out at $110,000 single / $220,000 joint. UTMA/UGMA assessed at 20% on FAFSA, worst financial aid treatment. Grandparent-owned 529s are invisible on the simplified FAFSA. 529-to-Roth rollover...