<p>Just to clarify, student-owned 529s, also known as UGMA/529s or custodial 529s, are reported as student assets on Profile (they’re parent assets on FAFSA). That’s what this sentence is referring to (and is not relevant to the OP):</p>
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<p>These are 529s that have typically been created using UGMA/UTMA funds that were owned by the student to begin with and transferred to a tax-advantaged 529. These are different from parent-owned 529s, which are reported as parent assets on both FAFSA and Profile. Student-owned 529s must be used to pay educational expenses for the student him/herself, while parent-owned 529s can have a change of beneficiary to another child if the parent desires.</p>
<p>I don’t see a question on Profile for other sources of college funding, but I remember a question like this for FAFSA.</p>