My 12th grader has a sibling who is the beneficiary of a 529. On the CSS-Profile for noncustodial parents, will that amount be reported separately from the 529’s for which the college student is the beneficiary? And if so, will the two accounts have different impacts on financial aid? Since 529’s can be transferred between siblings tax-free, I suspect that colleges would treat it as one combined 529 asset. THANK YOU FOR YOUR HELP!
I’ve never completed or seen a NCP Profile; the last time I completed Profile, all parent-owned 529 accounts, regardless of beneficiary, were added together and reported as a parent asset. Since the accounts were all lumped together, there was no way that they could have different impacts on financial aid.