<p>Sorry if this is covered, I think I am doing this right but I wanted to double check:</p>
<p>Here's the scenario: 2 siblings each have 529 accounts but the parents are the account owners.</p>
<p>When running EFC & netprice calculators, do those 529 accounts go in the Parental Assets section under Investments?
And regardless of which sibling's college cost is being calculated, do both 529 accounts get counted in parental assets each time?</p>
<p>If the parents are the owner of both accounts, the value of both accounts will included in parents’ assets for each FAFSA</p>
<p>Thanks 4kidsdad!</p>
<p>Something I read that I would like to confirm is that if the child himself/herself is the owner of the 529 but still declared dependent on his/her parents taxes. The amount also counts as parents assets. </p>
<p>I believe that is true.</p>
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<p>That is absolutely correct, for FAFSA purposes. Schools that use CSS/Profile or their own FA forms may count a student-owned 529 differently.</p>
<p>Thanks Erin’s dad. To add another layer to this do you now if a student age 18 can put his or her own money into a 529 account owned by a parent but in their name? </p>
<p>I don’t see why not, but once it’s in that account the parent will control it. </p>