The Inconvenient Truth About the 529 College Savings Account
The 529 college savings account has many benefits, including tax-free growth. Financial services companies introduced it to help parents and grandparents save for college, out of the goodness of their own hearts of course.
You can use 529 funds to pay for qualified expenses, including college tuition, high school tuition, room and board, even tutoring. (That was self-serving.)
But here's the rarely disclosed, inconvenient truth about saving for college with a 529 account:
It reduces your eligibility for aid!
Yep. The 529 penalizes you in the financial aid formulas. Which is a clue why responsible parents, who lived below their means, paid their bills and socked away money for college and other future goals, frequently feel sca-rooooood by the financial aid process.
Especially when less responsible families -- who bought/leased fancy-schmancy, late model imported cars, took multiple vacations to Aruba, Croatia and other hot spots, and maxed out their credit cards -- flat out cleaned up in scholarships and aid from colleges...
...Whilst their financially conservative peers gasped in shock, disbelief and outrage when they opened their college offers that informed them they qualified for BUPKIS!
This coming Monday, I'll show you how to level the playing field against those families. And how to lower the other playing field against the overpriced, rip-off colleges.
I'm running a new webinar, called “How to Print Scholarships on Demand.”
You'll discover how to slash your tuition bill by 56% or more, even if you think you can't possibly qualify for any type of aid.
I will also reveal:
*Legal and ethical loopholes that you can use to "hide" your savings from the financial aid office
*How to negotiate your puny, low-ball offer
*The strange, counter-intuitive reason an expensive private college can cost you less out of pocket than a so-called "cheaper" state university
*The politically INcorrect truth about which type of families get the lion's share of aid
*How to identify colleges that will be generous to your kiddo
*More, including your questions. We'll be live and chatting away throughout the presentation.
It's free and there's nothing to buy.
(If you end up being interested in our financial aid consulting services before we shut down for the 2025-2026 cycle, and want to speak with us about it, we'll tell you how to do that at the end of the class. But only at the end, you get a hall pass to leave before that if you want it.)
Here's the info
Monday, September 8, 2025
Register here: https://event.webinarjam.com/
See you Monday.
- Andy "411 on the 529" Lockwood
P.S. Please share this with anyone who would benefit from this info.