529 plan in a relative's name - how to use it?

<p>rent02
first of all, let me clarify. If you wish to answer the question for the profile as in YES to financial support from a relative that is your perogative. FASFA does not take relatives support into consideration. While a student may be a beneficiary from a relative’s 529, it is stiil their 529 to do as they wish. There are no guarantees. So the question is really very subjective and open to a very WIDE interpretation. The high cost of education, is a real burden to many families so many folks may opt to interpret the question in an advantageous way. Until the laws change its just the way it is. nothing dishonest about it. Also, don’t apply to schools that use the profile . Jus t my 2 cent.</p>