FAFSA, 529 plan account owner

<p>The rules changed for the 2008-09 award year. The latest edition of the FSA Handbook is very clear: <a href=“http://www.ifap.ed.gov/fsahandbook/attachments/0910AVGCh2.pdf[/url]”>http://www.ifap.ed.gov/fsahandbook/attachments/0910AVGCh2.pdf&lt;/a&gt;. Page AVG-18 explains the rules for each type of plan.</p>

<p>Prior to 08-09, the distributions were counted in the financial aid packaging. Beginning with 08-09, they are not … thus, the rules for reporting have changed.</p>