Scholarships and Financial Aid Impact

• January 25, 2019

  Scholarships and Financial Aid Impact

  Where can I find more information about saving for college using funds from a Family Empowerment Scholarship?

  We have answers to a number of questions relating to the Family Empowerment Scholarship Program.…

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• January 25, 2019

  Scholarships and Financial Aid Impact

  Does having a 529 Plan impact scholarship eligibility?

  In general, a 529 Plan should not affect eligibility for merit–based scholarships. Having a 529 Plan will not prevent you from receiving a Bright Futures Scholarship in Florida. In fact, if your child receives a Bright Futures Scholarship and you also have a Prepaid Plan, excess monies can be used…

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• January 25, 2019

  Scholarships and Financial Aid Impact

  Does a 529 Plan impact financial aid eligibility?

  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…

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