PROFILE - How to determine what % of student assets were contributed by parents?

Paying for College
1

<p>PROFILE asks about student assets and wants us to indicate how much of that total was provided by the parents. In our case, my wife and I made contributions to an UGMA fund for our daughter, as did her grandparents. Of course, the vast majority of the assets that she has available come from the interest earned in the intervening years since those contributions were made. Who gets credit for providing the interest? While the grandparents made various contributions, the parents were the custodians of the account during the time that the interest on their contributions was accruing.</p>

2

<p>bump (10 chars)</p>

3

<p>I would exclude the earnings on the UGMA from the % contributed by parents. Parents’ % includes the direct deposits from them only. The bank gets “credit” for the earnings.</p>

4

<p>that sounds right to me</p>