@dcandmc - It doesn't- I missed that it was a parent-owned 529 in the first post! My response was assuming it was an account owned by the grandparent. Thanks for the catch.
@msullivanjr - Ignore my prior response: The contribution will not count against the student's income for purposes of the FAFSA since it is in a parent-owned account.
Thank you,
Brian Boswell
VP, Research & Development
This information does not constitute tax advice and is provided for informational purposes only. Please consult your tax advisor, financial advisor, local taxing authority, and/or plan provider or sponsor for more information.