<p>I just found out that my mother had added my name to her checking account in case she went into the hosp etc. I had no idea about this and obviously didn't list the account when I did my fafsa totals. Do I need to do this? I have no idea how much money is even in her account. She gets the 1099 and my name is just listed 2nd on the checking account. I never signed anything but I bank at the same bank so they had all of my information. Has anyone else had a problem with joint accounts or their name being on someone else's account?</p>
<p>I was a joint holder of my mother's accounts, but the interest, etc were paid by HER....she was the primary account holder. I was just listed as a joint holder. Never listed it on the FAFSA...wasn't my money, interest wasn't reported on MY taxes.</p>
<p>If it is listed under her SSN then it is her asset and you shouldn't have to worry about it.</p>
<p>Great! Thank You</p>
<p>While it's your mother's account, unless you're an independent student by FAFSA definitions, you still have to list it as your mother's asset.</p>
<p>In my case, the account belonged to the GRANDPARENT of the college student. I assumed that the OP was a parent and this was the case with her as well.</p>
<p>from nurseratchet's previous posts I think she is the parent for FAFSA and she was concerned because she discovered her name was on her mother's account - so yes a grandparent as in thumper's case.</p>
<p>The FAFSA instructions do address jointly owned assets</p>
<p>
[quote]
Part ownership of asset. If your parents own an asset with others and therefore only own a portion or percentage of the asset, they should report the net asset value that represents only their share of the asset owned.
[/quote]
As the nurseR in fact owns 0% of the asset she does not report it.</p>
<p>Sorry for the faulty assumption - I should have paid a bit more attention to who the OP was!</p>