<p>With FAFSA this year, parent assets include 529s, Coverdell accounts and Uniform Gift to Minor accounts.</p>
<p>My question is this -- Would this include assets of a younger child, not the one who is going to college?</p>
<p>I have been wondering about that (or similar) also. We have 529s for each kid - not sure if we include both on each FAFSA or just hers on hers and his on his.</p>
<p>I think the recent change allowed you to include 529's and Coverdell's that are in the student's name as a parental asset. I don't believe that includes regular Uniform Gift to Minors accounts, though.</p>
<p>Assets of the student's siblings aren't counted by FAFSA. Don't include them.</p>
<p>What if the sibling's assets are partly in the parent's name?</p>
<p>Well, you need to determine whether they are parental assets or the child's assets. Depends on how the account/bond is titled. There's a thread around here on savings bonds (bottom line, if both parent and child are on the bond, it's considered the child's asset).</p>
<p>Regardless of which child they are for, if the 529's are in the parent's name, then they are parental assets for FAFSA.</p>
<p>Thanks, everyone!</p>
<p>I think the same thing goes for savings accts, checking accts, etc. If parents are joint owners of sibling's accts, then those accts are counted as parental assets. Is this right?</p>
<p>try savingforcollege.com</p>
<p>From the Fafsa under Parent Asset Information: Investments include real estate...trust funds, UGMA and UTMA accounts, money market funds, mutual funds, certificates of deposit, stock, stock options, bonds, other securities, Coverdale saving accounts, 529 college saving plans... It's on page 5 down neat the bottom</p>
<p>"From the Fafsa under Parent Asset Information: Investments include real estate...trust funds, UGMA and UTMA accounts, money market funds, mutual funds, certificates of deposit, stock, stock options, bonds, other securities, Coverdale saving accounts, 529 college saving plans... It's on page 5 down neat the bottom"</p>
<p>This came up the other day. That's the boilerplate definition of "assets" that FAFSA uses. They use exactly the same definition of assets in the Student section. So it's useful only to determine what assets are reportable under FAFSA, but not useful in determining whether they are parental, or student assets.</p>