Q. Do funds in the custodial account affect eligibility for financial aid of the beneficiary?
Yes. Question 42 of the Free Application for Financial Student Aid (FAFSA) form asks about the student’s net worth. Custodial accounts (UGMA/UTMA) like those offered on Stash, are considered to be assets owned by the student if the student is the owner of the account and their parent is the custodian.…
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