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gpo613gpo613 Registered User Posts: 71 Junior Member
This has probably been asked before, but I am a newbie.

For the fafsa where does the 529 money go? Is it in the student's investments or the parent's?

Thanks.

Replies to: 529

  • TdoesCollegeTdoesCollege Registered User Posts: 37 Junior Member
    edited October 11
    Who’s the owner of the account? It goes in their investment for FAFSA purposes.

    If a (custodial) parent is the owner, it’s a parent asset; if the student is the owner, it’s a student asset; if it’s someone else’s (grandparent, etc), it doesn’t appear on the student’s FAFSA ( but there are other FAFSA implications that need to be considered).
  • BelknapPointBelknapPoint Registered User Posts: 3,757 Senior Member
    Who’s the owner of the account? It goes in their investment for FAFSA purposes.

    If a (custodial) parent is the owner, it’s a parent asset; if the student is the owner, it’s a student asset...

    Wrong. For FAFSA reporting purposes, a 529 account owned by a parent who reports financial information on FAFSA and a 529 account owned by the student for whom the FAFSA is being completed are both reported as a parent asset.
  • TdoesCollegeTdoesCollege Registered User Posts: 37 Junior Member
    Thank you for the clarification.
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