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New Tax Plan and K-12 529 College Savings

New Tax Plan and K-12 529 College Savings

January 4, 2018
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The newly-passed tax law has made the 529 college savings plan available for K-12 private school tuition. In the past, 529 plans were excluded from our financial aid application. TADS will not make any changes to this process for the current 2018/19 cycle which is well underway.

For the 2019/20 cycle you can expect a configuration option that will allow your school to gather the 529 values as student asset. We are working through “use” scenarios as directed by formula and will provide further recommendations in the months ahead.

As always, your thoughts and ideas are vital to all our success and we appreciate hearing from you.

The TADS Financial Aid Team