Funds in a Qualified Tuition Program (QTP), also referred to as a Section 529 Plan, are a countable resource to the individual who owns the account (e.g. a parent or grandparent). Normally, the owner is the person who established the account. In most instances, the individual who establishes a QTP retains the ability to withdraw any or all of the funds in the account for his or her own benefit.
NOTE: In most cases, the designated beneficiary (i.e. the student or future student) is not the owner of the account and does not have any rights to the funds in the account.
Oct 24, 2009
Qualified Tuition Program Funds Are Countable Resources For SSI
From a recent issuance of Social Security's Program Operations Manual Series (POMS):