Question about 529 savings plan and coverdell education saving account?

if you have a 529 savings plan does your eligibility for financial aid change? and does coverdell education savings plan qualify for college?|||A 529 plan will alter the Expected Parental Contribution of the Financial Aid formula.





A Coverdell Education Plan will alter the Expected Student Contribution of the Financial Aid Formula.





So both may potentially reduce overall aid eligibility, but it really depends on how low you are to start and the value accumulated in these plans