Liquidating a UTMA - worth it?

[BelknapPoint]

I believe a 529 in the child’s name is calculated differently on the CSS profile (not sure if you’re applying to any school that uses the profile).

It depends on how each individual school that uses Profile wants to do it. Some will consider student-owned 529s to be a parent asset (like FAFSA does), and some will consider them to be a student asset.