<p>
</p>
<p>Yes you can transfer your UGMA funds to a custodial 529 account, which is a student-owned 529. Even though it’s still your money, all 529s are assessed at the parent rate for FAFSA. You’ll then need to spend that money on qualified higher education expenses. It may or may not make a difference where that money is for schools that use Profile to determine institutional aid.</p>