<p>Thanks for those who have explained that the student could earn $6000 a year without a penalty for the earning, I had been unable to get any information on that. Thanks also for pointing out that a 529 is considered as a non-exempt parental asset, not a student asset.</p>
<p>I hope that everyone else is learning as much about other classes as I am. I cannot relate to someone who thinks $200k is not much of a house. As far as work, my time is worth $10 and hour or more to me. I can do things for myself that I would otherwise pay post-tax dollars for at that rate and make money. Doesn’t work for the first 40 hours per week because I can’t function without some cash, but beyond that, I lose if I work and don’t get $10 after taxes, FICA, commuting, and Pell Deductions.</p>
<p>If it helps, forget about the Pell. One kid gets 100% of COA minus EFC. So I don’t care about the Pell, just the EFC.</p>