Legitimate ways to reduce student's assets?

[vballmom]

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“The child must remain the owner”, then same 20% of that fund is considered available for college. So there is no advantage to convert it into a 529 for the purpose of EFC calculation, right?

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<p>All 529s are assessed at the parent rate of 5.6% for FAFSA, whether owned by the child or the parent.</p>

<p>Not all Profile college request information about cars, in fact most don’t. It’s not clear how those that do request that information use it.</p>