What are considered Parents’ Assets?
| Yes – Count as Assets | No – Don’t count as Assets |
| 529s | 401(k) |
| Bonds | 403(b) |
| CDs | Annuities |
| Checking Account | Individual retirement account (IRA) |
| Family-owned small business and farms (starting 2024) | Life Insurance |
| Investment in Real Estate other than your Primary Resident | Pension |
| Saving Account | Personal Property (Jewelry, car, etc) |
| Trusts | Primary Resident Home Equity |