<p>The actual moral of your story is that college savings should not be in the student’s name, unless in a 529 account. Savings in the parents’ name or in a 529 account are counted at only 5.6%, not 20%.</p>
<p>The actual moral of your story is that college savings should not be in the student’s name, unless in a 529 account. Savings in the parents’ name or in a 529 account are counted at only 5.6%, not 20%.</p>