<p>I know I need to put my son's UTMA under his assets on the FAFSA, but I'm not sure where exactly it goes. Is it considered to be savings? Does it answer the question "On the day you submitted your FAFSA, what was your total current balance of cash, savings, and checking accounts?" in the student finances section?</p>
<p>The next question after “Cash, savings & checking” should be “Net worth of investments”, which is where the UTMA total goes. Do you see that question?</p>
<p>Yes, I do see that. So that’s where it goes then? I wasn’t sure if it was considered savings, or an investment…</p>
<p>Also, I have a 529 with a bit over 9,000 in it. Between that and my checking/savings, I have less than the 11,600 the ask if you have in total assets. I guess that means I don’t need to report that 529 fund on the FAFSA, correct? Once I say that my assets do not exceed that limit, the input boxes following it deactivate…</p>
<p>UTMAs are considered investment accounts for FAFSA.</p>
<p>You need to report the 529 as a parent asset, but if you have less than the asset protection amount (about $50,000, depending on the older parent’s age) then some of the question logic on the FAFSA form might be deactivated, as you’ve experienced.</p>
<p>Yes, if you answer all questions honestly and completely and subsequent questions disappear, that’s the skip logic of fafsa. </p>
<p>Vballmom, the asset protection for one 49 year old parent is $11,600, very low. For two parents with the oldest being 49, it’s $39,900. Doesn’t make a lot of sense.</p>
<p>That’s me, one 49-year-old parent 
The Profile schools will see my 529, in any event.</p>
<p>Thanks for pointing that out, annoyingdad. It’s unfortunate that the asset protection allowance for single parents is less than half that of two parents.</p>
<p>“Thanks for pointing that out, annoyingdad. It’s unfortunate that the asset protection allowance for single parents is less than half that of two parents.”</p>
<p>Maybe the government is trying to make up for the opposite injustice of the income tax marriage penalty! :)</p>
<p>Everybody gets something to have to deal with. My ex remarried, so now there are 3 adults’ assets in the mix, according to some of the Profile schools. I appreciate everyone’s input on this!</p>