插一句: too much confusion in

your conversation. My understanding is:
1. neither 529 nor other educational plan are tax free, but their earnings are tax free. The funds you put in are already after-tax.
2. your mortgage or your equity in your primary residence is not considered when your child applies for federal financial aid, such student loan.
3. although your child is legally independant when he/she reaches age of 18, but he/she is not considered financially independant until he/she reaches the age of 24. Therefore it's not up to him/her whether he/she can get a student loan, the parents income and assets will be counted in.

An alternative vehicle to finance your child's educatio nis your retirement plan or your life insurance - as some life insurance policy allows you to borrown money against your policy.

所有跟帖： 

• 回复：529 in Michigan is differen -samsara- ♂ (158 bytes) () 08/30/2005 postreply 08:07:05

• it seems to me Navada has -OverWorry- ♀ (252 bytes) () 08/30/2005 postreply 08:08:07

• 回复：it seems to me Navada has -samsara- ♂ (382 bytes) () 08/30/2005 postreply 08:36:12

• A-mao is still right in a way. -OverWorry- ♀ (265 bytes) () 08/30/2005 postreply 08:46:55