Impact on Financial Aid How does money saved in an ABLE account impact current or future financial aid benefits? The U.S. Department of Education has not provided official guidance on how ABLE relates to financial aid. But the Free Application for Federal Student Aid (FAFSA) released on October 1, 2019, offers reassurance to prospective and current ABLEnow account owners who hope to qualify for grants, scholarships, work-study and loans to pay for higher education. For the first time, the 2020-2021 FAFSA mentions ABLE accounts. The application “Help” sections of the following FASFA questions, linked below, confirm that ABLE accounts are not considered an asset of the student or their parent in determining financial aid. Does the total amount of your asset net worth exceed the amount listed? Does the total amount of your parents’ asset net worth exceed the amount listed? What is the net worth of your investments? What is the net worth of your parents' investments? For additional information on how ABLE accounts won’t adversely impact most disability benefits, visit our Frequently Asked Questions. For questions on opening or managing an ABLEnow account, please contact Customer Service.
March 2024 Find Your Account and Routing Numbers Login to the online portal to find your account and routing numbers.
February 2024 Customers May be Eligible for Saver’s Tax Credit ABLEnow customers may be eligible for a tax credit.