for the record, i’m 35, single with no kids, and an income over 200k. i use a 529 purely as a tax shelter right now (beneficiary as myself, if/when i have kids, i can transfer the beneficiary. if i never have kids, i can transfer it over to my cousin’s children). in other words, the proposed change is to stop people like me who will have the means to send my children to college without financial aid, and transfer it to those who might not attend college without assistance.
while this would hurt me personally, it’s probably better for society as a whole. isn’t that what our politicians should be doing instead of pandering to their campaign contributors?
