Hal_Al
Level 15

Education

Q: Will the 10% non-qualified penalty apply since the distribution is less that his scholarships?

A.  No. Scholaarships are an exception

 

Q:  Would the 529 distribution count as income for the FAFSA? He does not have any financial need based on our EFC currently so I am not sure that it would hurt any.

A> The FAFSA people would have answer that