<p>The more I read the help section on the FAFSA the more confused I become. Wouild someone mind setting me straight?</p>
<p>This is how I think I'm suppose to report:</p>
<p>UTMA accounts on which I am the custodian are reported on the student section.
529 accounts are reported on the parent section.</p>
<p>Is this correct? Thanks for your help.</p>
<p>Yes, that is correct. The rules changed a couple of years back to allow 529 accounts to be reported as parent assets even if the student owns them. (a much better thing as parent assets have a maximum impact of around 5.6% while student assets have an impact of 20% of their value). UTMAs must be reported as student assets (unless they are UTMA 529 accounts).</p>
<p>Thanks for the info swimcat!</p>