Accidentally reported grandparent 529 plan on FAFSA - how to remove it now?

You can definitely fix this! The FAFSA does have a correction process. Go to studentaid.gov and log in with your FSA ID. Look for the "Make FAFSA Corrections" option. You should be able to update the asset information there. Just make sure both you and your daughter re-sign the form electronically after making the change.

we did the SAME THING last yr!! the grandparnt 529 thing is confusing bc it used to count but doesn't now with the new FAFSA. ended up having to call FSA directly to fix it. took FOREVER to get thru to someone tho

The correction option should become available about 3-5 business days after submission. If you've just submitted last week, it might not be available yet. The system needs to process your initial submission before allowing corrections. Keep checking back daily. And don't panic too much - if you absolutely can't get it fixed in time, remember you can always submit a special circumstances form directly to each college's financial aid office explaining the error. Most schools are understanding about these situations, especially with the new FAFSA causing so much confusion.

I went through this last month and the correction button NEVER showed up for me! Super frustrating. Had to call FSA over and over again. Tried for a week straight and kept getting disconnected after waiting for hours. Eventually I used Claimyr (claimyr.com) to get through - they have this system that waits on hold for you then calls when an agent picks up. Saved me so much time. There's a video demo if you want to see how it works: https://youtu.be/TbC8dZQWYNQ When I finally got through, the agent was able to make the correction on their end. Just make sure you have all your information ready when they connect you.

wait so grandparents 529 plans dont count on fafsa anymore??? since when? my parents have one for my kid but i thought we still had to report it? this whole system is so confusing

The stupied new FASFA is so broken. I've had to try fixing 3 different issues already. My daughter got locked out becuz they couldn't verify her identity even tho she already HAD an FSA ID from last year. Then they didnt let me add my W-2 right. Now our SAI is way higher than expected. Whole thing is a disaster and nobody at dept of ed seems to care. why even bother trying to fix stuff when they'll probably mess up your SAI calculation anyway???

To answer your follow-up question - yes, colleges will automatically receive the updated information once your correction is processed. The system sends them the corrected SAI calculation. You don't need to notify them about the correction itself, but if you're concerned about deadlines, it doesn't hurt to email the financial aid offices at your daughter's schools explaining that you've submitted a correction and when you did so. Documentation of your timeline could be helpful if they make decisions before the correction is fully processed.

Correction processing times vary, but currently expect 7-10 business days for the correction to be fully processed. After that, it can take another 3-5 days for schools to receive the updated information. Given your 3-week deadline, I'd recommend: 1. Check daily for the correction option to appear 2. If it's not available by the end of this week, call FSA directly 3. Send a brief email to each school's financial aid office explaining the situation Most schools understand these issues, especially this year with all the FAFSA changes causing confusion.

after we got our correction processed our SAI went down by like $12k!! definitely worth fixing even with all the hassle. good luck!!