<p>Does it matter how a 529 is structured as to where it applies on FAFSA or not at all?</p>
<p>owned by parent, grandparent, a trustee?</p>
<p>Currently a parent owned 529 account is reported as a parent asset. A student owned 529 is also reported as a parent asset (including UGMA 529 accounts) - a good thing as they are assessed to the EFC at the max parent rate for assets, 5.6%, rather than the student rate for assets, 20%. (previously student owned 529s were reported as student assets and for one year they were not reported at all because of some mis-wording in that years law that created a loophole that was speedily closed the next year)</p>
<p>I believe currently grandparent owned 529 accounts are not reported on FAFSA at all.</p>
<p>At least on last year’s FAFSA.</p>