<p>For the value of 529 Plans where the student’s siblings are the beneficiaries, does that go under </p>
<p>
</p>
<p>or </p>
<p>
</p>
<p>Thanks!</p>
<p>I would say PA-120. Parents are generally the owners of 529 accounts and the beneficiary can be changed. Certainly for FAFSA, 529 accounts owned by the parent with students as beneficiaries are considered parent assets.</p>
<p>Ok, that makes sense to me. I can’t imagine it makes a huge amount of difference which line it is reported on – that whole section is parent assets. They were reported as Parent assets for FAFSA. </p>
<p>I just realized that the older sibling’s 529 has to go under 120 because he is not under 19 and he is a college student. The instructions for line PA-120 mention 529 plans, but they don’t make it clear whether it is the student’s 529 or all the parents’ 529s. But given that limitation on 105A it definitely makes sense to put them all in 120. </p>