My daughter is a high school junior and has already lined up a job for the summer (good for her!), and may also get an after school job. I believe that for FAFSA purposes that one half of her income counts toward the EFC. That part I understand.
Our family agreement is that half of the money she earns goes for college expenses. Are there any tax or FAFSA issues with her putting her money in one of the 529 plans I set up for her? Or should she set up her own 529 account? (Or just stick it in the bank?). It's still her income, but if she puts it in my 529, how does that affect the FAFSA?
Thank you all for any advice!