The sooner you start saving for college, the better. You don't have to accept all offered financial aid. Here are five common myths filers should know about parent information on the FAFSA.

With the cost of college ... the account may also affect how much federal aid the child will be eligible for. A grandparent-owned 529 plan is considered income to the student, whereas a parent ...

Grandparents hoping to chip in for a grandchild's college education can open a 529 plan themselves or contribute to a parent-owned account. In many cases it may be easiest to list the child's ...