FAFSA - What to do with daughter's $12K savings account?

<p>As long as the savings account is not a custodial account (UGMA or UTMA) you can move the money. The custodials are the types of accounts with all the restrictions on moving money. A standard savings account does not have that restriction.</p>

<p>There are also all kinds of things she is going to need for college itself (computer, dorm stuff, etc). You could knock out a lot of that savings account in short order.</p>