<p>It would have to be transferred to a UGMA 529 account. It would still belong to your daughter. FAFSA just treats it as a parent asset when calculating the EFC. It does not matter who gave her the money in the first place.</p>
<p>It would have to be transferred to a UGMA 529 account. It would still belong to your daughter. FAFSA just treats it as a parent asset when calculating the EFC. It does not matter who gave her the money in the first place.</p>