Question about assets in student's name .................

BelknapPoint
Sun, 31 Jan 2016 16:29:16 +0000

It’s not clear from your post whose money was used to purchase the vacant lot. If it was really money that belonged to your children, than you will probably have issues if you simply decide to retitle the property in the name of a parent. In some states, it may not be possible to do that, at least until the minor child reaches the age of majority and is legally able to make his/her own financial decisions. If parent money was used to purchase the property and it was titled in the name of the children, possibly as a way to shelter parent assets, than in the eyes of FAFSA it’s a parent asset already, regardless of whose name is on the title.