ABLE Account Decision Guide Series

Understanding ABLE Account Savings and Public Benefits

Free Application for Federal Student Aid (FAFSA)

FAFSA Eligibility and ABLE Assets
→ABLE account value is not counted as an investment asset. FAFSA application and instructions for July 1, 2021 – June 30, 2022, p. 9 (notes for questions 41, 42, and 44i),

FAFSA Eligibility and ABLE Distributions
→ABLE account contributions and distributions are not counted as income.

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Note: Our ABLE Decision Guide Series is designed as an aid to decision making as it relates to establishing and using an ABLE account. This document does not cover every possible issue related to the topic and is not a substitute to more in-depth analysis that may be required in some cases.