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Author Message   Gochi Censor Bewarse Username: Gochi Post Number: 86024 Registered: 07-2004 Posted From: 8.7.228.252 Rating: N/A Votes: 0 Posted on Tuesday, July 21, 2015 - 4:13 pm:    Onlymovies: Also if you have 529plan you wont get funding.. From FAQ... MYTH: If I save now, my child won't be eligible to receive as much financial aid later. FACT: A PA 529 account is not included in determining eligibility for Pennsylvania state financial aid programs. Savings held in other state's 529 plans do not receive this benefit. For federal financial aid, funds saved in 529 plans are generally considered to be parental assets, which means that only about six percent of these assets are currently counted towards the family's expected contribution in federal need-based financial aid calculations. though they say that 529 has no impact on funding, but colleges when they give admission they do look at the college saving you have...so one of my friend recommended you put less money on 529 and try to clear off your other debts like mortgage etc..this will give you a better chance of getting good scholarships