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  Will dad's college savings plan affect financial aid?

  Posted: December 14th, 2011, 4:07am MST

  When you apply for financial aid, a 529 plan has to be reported as a parental asset if it's owned by that parent or the dependent student. If your father gives you power of attorney on the 529, you'll be able to act on his behalf, but he'll still be the account owner.