Any non-retirement investment or savings account may affect your eligibility for financial aid. A portion of your Prepaid and Savings Plan value may be considered when evaluating student aid eligibility with the Free Application for Federal Student Aid (or FAFSA).
Up to 5.64% of parental assets can be counted, which is favorable compared to student assets, which are counted at 20%. Grandparent (or other third party) accounts for the student are no longer required to be reported and therefore no longer impact aid eligibility.
Many changes were made to the FAFSA form beginning with the 2024-2025 school year. To stay informed and learn more, visit studentaid.gov or an educational financial aid adviser.
