FAA4.H Unearned Income (UNIN UNIC) : 03 Types of Unearned Income - Overview : GGG Educational Savings Accounts Payments
Educational Savings Accounts Payments
(01/01/09 – 03/31/09)
Payments received from the following educational savings accounts are not countable. (Public Law 107-16)
529 Educational savings account
530 Educational savings account
The 529 or 530 educational savings accounts are accounts established for the purpose of meeting qualified higher education expenses.
Key the OX Unearned Income Code in the INC TYPE field on UNIC.
(For treatment as a resource see Educational savings accounts - FIAC)