Liquidating a UTMA - worth it?

Paying for College
7

A couple points:

  1. 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).
  2. This year will actually count twice for income because they are changing the FAFSA/CSS profile tax years. This year will use 2015 and next year will use 2015. The year after that will use 2016. The double year for 2015 is because they are changing the rules started next year to use what they call “prior prior” tax returns.