Question

All of the following should be considered before enrolling in a 529 plan except which?

A. Having a 529 plan can affect your need based financial aid eligibility.

B. The money not spent on college expenses will be taxed

C.Typically, the beneficiary should be 15years old or younger to benefit from the plan.

D. There is a limit on how many colleges you can apply to

Answer 1

Hey there!

The correct answer to your question is:

D.
There is a limit on how many colleges you can apply to

Hope this helps!
Have a great day (:

Answer 2

Q. All of the following should be considered before enrolling in a 529 plan except which?

A. (D) There is a limit on how many colleges you can apply to.