<p>Does one include Coverdell Savings accounts in the students name (but still 'owned' by parent) in the student's assets?
Does one include Coverdell savings account in a younger sibling's name in the parents assets?
What if we have money in a 529 account for the younger sibling ? Will it get counted in the parents assets?</p>
<p>you include the accounts in the students name as the students assetts. you do not count the savings account in the younger siblings name as a parental asset. however, you count the 529 account as an asset of the parent. coverdell accounts are considered "owned" by the student , despite the reality. </p>
<p>sounds like you are in for a higher EFC with these choices of investments. coverdale accounts will lead to a higher EFC because the student's assets are seen as more disposable. additionally, since the 529 is considered a parental asset, it will be considered useable for your first college bound kid (and yes, you can use it as they are easily rolled over between family members).</p>