Question on FAFSA Assets and EFC Number

You do a good job of adding a lot of extraneous information that really doesn’t apply to the issue at hand. It’s pretty simple: no matter where the money is, if it’s a student asset, report it as such (student-owned 529 accounts excepted).

We’ve been around the block with this before. Here’s a thread from just this past January where you and I and others discussed this very issue:

http://talk.collegeconfidential.com/financial-aid-scholarships/1730726-move-money-out-of-students-account-before-submitting-fafsa-p3.html

The FAFSA rules regarding jointly owned assets are clear enough. Whether or not the individual completing the form wants to follow the rules remains a personal decision.