Fafsa & Ugma accounts

leeivyca
Fri, 02 Jan 2009 10:58:29 +0000

As a parent going thru thr FAFSA for the first time, I find this thread useful (but complicated). But I have a question that I don’t think has been addressed. When I set up 529 accounts for my kids, I followed the standard approach at the time, and made myself the owner and the kids the beneficiaries.

Now my older son is applying for colleges and I will fill out FAFSA. I haven’t seen this specific case covered here: Should I list the 529 assets under the kids (so my older son’s would be in his asset list, anf my younger son’s would not show up at all), or since the accounts are in my name shpuld I list both their accounts as parents’ assets?