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• There are no limits on who can open a 529 college savings plan or who can contribute.
• 529 plan savings can cover a range of educational expenses, in addition to tuition.
• Money saved in a 529 plan may have only a small impact on financial aid eligibility.

What you don't know could hurt you when it comes to saving for college—you could be missing out on benefits that could help you save. Many parents don't know how much college may cost, how 529 savings plans work, or how college savings affect financial aid, a new survey from Fidelity has found. We asked parents some questions to find out what is clear and what can be confusing about 529 college savings plans, and revealed 6 commonly held misconceptions.

Applying for college financial aid can feel like swimming in a bowl of acronym soup while reading a Dr. Seuss story. The Free Application for Federal Student Aid Link opens a new window has a vocabulary all its own—but fear not. We tapped Fred Amrein, founder of and author of Financial Aid and Beyond: Secrets to College Affordability to crack the code for us.

This cheat sheet helps FAFSA terms make sense so you can fill out the form with confidence and get the money you need.

Who hopes 2017 has been a good year for you and 2018 looks to be even better...

PS. There's only one day left to Rec my 50k post to increase my Foolanthropy contribution in support of All Hands & Hearts...

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