Thanks. @BelknapPoint Seems odd. If the student stays with both parents pretty much equally, say, 49/51, it seems illogical that funds from the “non-custodial” parent – the one whom he stays with 49% of the time – that are used to pay for college would be treated as student income. I realize it has to be treated as something, so if not a parental asset, it has to be student income.
For the OP, can he change the 529 to the student’s name so that it will be treated as a student asset at 5.64%?