<p>Since the savings account is in your daughter’s name and under her SSN, it can only be moved to another account that’s titled in the same way. You have two choices to take this money out of the FAFSA equation:</p>
<p>1) spend it on something that would benefit the child (a new car?) or
2) move it all to a child-owned 529</p>
<p>Option #2 can be accomplished at any brokerage that offers 529s.</p>