Are you an "advice-giving financial professional?"
If so, please take a brief quiz consisting of one question.
Quiz: Suppose that one of your clients, a grandmother, tells you the following: "I would like to help my grandchild by making small annual contributions toward her college fund. She's 14 years old and I'm thinking about putting a little money aside for her benefit in the 529 Plan of our state. I know that a 529 Plan is a good way to save for college with tax advantages but I'm concerned about one thing. Her parents are struggling financially. She's a brilliant girl and probably will be admitted to a good college, but she will need financial aid. I would rather not jeopardize her ability to qualify for financial aid."
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