Which of the following statements will have the MOST negative impact on need-based financial aid?
A. The balance in a 529 plan with the grandparents as owners and the grandchild as beneficiary.
B. The balance in an UGMA account.
C. The balance in the parent's traditional IRA.
D. The cash value of a life insurance policy owned by the parent.
Which of the following education funding techniques will be most appropriate to recommend to parents with incomes over $200,000?
A. UTMA account.
B. Lifetime Learning Credit.
C. American Opportunity Tax Credit.
D. Series EE bonds.