FAFSA Q-Grandparents own the 529 (UGMA)-Report it?

Paying for College
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<p>Hello, All!</p>

<p>I hope you are having so much fun filling out your FAFSAs (or anticipating filling them out)!</p>

<p>I just want to make sure I am understanding this correctly...could you guys help me out? The following means that I do NOT include the grandparents 529 account (in the grandparents name) they set up for my D as a UTMA/UGMA on the FAFSA, correct? We as parents do not have access to the account or manage it. I do not have to list it as a student asset, correct? (I do believe, I have to list it on the CSS Profile though) LMK what you think, thanks!</p>

<p>From the fafsa website:
"UGMA and UTMA accounts are considered assets of the student and must be reported as an asset of the student on the FAFSA, regardless of the student’s dependency status. Do not include UGMA and UTMA accounts for which your parents are the custodian but not the owner."</p>

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<p>Yes you don’t have to report grandparents 529 account on FAFSA. However, see [Grandparents</a> Faqs on 529s - College Savings for Grandchildren](<a href=“http://www.savingforcollege.com/grandparents/answer.php?grandparent_faq_id=10]Grandparents”>Grandparents Faqs on 529s - College Savings for Grandchildren)

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<p>Perfect! Thanks!</p>