That is for 2 semesters. There is "Summer Pell" which basically allows Pell for another semester in the year (half of $6495 if full time, 12 credits, less if 3/4 time 9 credit, etc). There may be state grants as well.
If we, to save time & paperwork, have the student's assets in a UTMA account
rolled over into a 529 account, will that have the same tax ramifications as
liquidating/selling the UTMA account, receiving & depositing a check in a bank account, and then sending a check from the bank to fund the 529 account?
In other words, does rolling over from UTMA to 529 count as selling an investment, with the possible need (depending on amount & tax bracket of parents') to pay capital gains tax?
Thanks.
@bubkiz or anyone else knowledgeable.