Perhaps someone can answer this question about assets for me. I have twins headed for State Universities in the Fall. I have custodial UGMA CD accounts for each of them, same dollar amounts. In 2010 my husband was unemployed for 7 months. In 2009 he had taken a $20,000 salary cut. Needless to say, things have been financially challenging. So...do I total the two account amounts and note in parent assets? If I do that it appears that we have cash on hand, which we don't. OR...do I note the amount of each child's account under student assets? I think that's the better choice because the FAFSA will reflect only what each twin possesses, not double the amount as it would appear if indicated under parent assets. I'm hesitant because at a college fair a FAFSA person said I should list the amounts under parent assets. What do you all think? PLEASE ADVISE.