Originally Posted by intparent
Good move to put the money in your name (colleges consider much less available for their costs from your assets than from your child's assets, and there is no longer any significant tax benefit in keeping assets in your kids' names, either).

It may be better to put college money in a 529 plan (that's what I am doing) than in a regular taxable account owned by the parent, because the gains in 529 plans are tax-free when used for college. The impact of a 529 account on financial aid is not larger than the impact of other parental non-retirement assets, according to http://www.savingforcollege.com/questions-answers/article.php?article_id=124

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