<p>The $100,000 529 plan is assessed as a parent asset…5.6% of value. That is $5600. $5600 will be included in your parent family contribution. Yes, you HAVE $25,000 a year…but the family contribution for that amount will be $5600.</p>
<p>So actually, your family contribution will be about $35,600. The college will expect your family to lay that amount.</p>
<p>Are you saying they will only pay $25,000? If so…I think you are going to be short some money at NEU…but I’m estimating…and I’m not a financial aid officer.</p>
<p>What did the NEU Net Price Calculator say? Am I very far off? </p>
<p>And like I said…do not count on getting a merit scholarship. It is not a sure thing.</p>