Here is some good information on 529 college savings plans.
Be aware that Question 7 is incorrect, the information is based on past FAFSA formulas. In the 2015-16 formula, savings in a 529 plan and asset protection allowance (line 21 of the parent’s worksheet)is a deduction based on the age of the oldest parent (Table5, p.10 of the EFC Formula.)
Saving for college and earning interest is far better than borrowing for college and paying interest. In ASPIRE and Gear Up we need to reach families with young children and assist them with college planning.
George A. Letchworth, Ph.D.