My sibling has a 529 plan. That account is under my fathers name with my sibling as beneficiary.
I do not have a 529 plan. Will my siblings 529 plan reduce my scholarship chances/amounts? I am a Junior in New jersey and my sibling is in 10th grade now.
It will be considered an asset of your father on the FAFSA and may effect need based aid.
So it wont affect merit scholarships ?
No effect on merit scholarships…which will be based on your stats and, if required, essays.