Private College 529s: anyone using them and how do they affect financial aid?

[BelknapPoint]

@DadSays

Edited again to share what I learned from Collegewell . Apparently, these are either individual or UGMA accounts. I guess that means they are considered parental assets until the age of majority in the child’s home state?

Non-529 UGMA accounts are always reported as an asset of the student/beneficiary. 529 UGMA accounts are always reported on FAFSA as a parent asset.