I have about 35k in. You may think this is a no brainer.
I m currently filling out the fafsa for the 2018 2019 school year and i m at a loss deciding if i should answer questions about my own assets or not as they give you a choice on the application.
Skip questions about assets on fafsa. That means you have until the day you fill out your fafsa to move the student s money into a 529. You can only skip fafsa questions about assets if you meet the qualifications to do so based on your answers to other questions on the application. Im afraid they will say i do not qualify for financial aid and i really do need it.
On the form it had an option to skip questions about assets so i. The thing is my parents have a lot of money in their bank accounts and i m not sure if i should just skip over the questions about the assets even though i m allowed to do so. Do you want to skip questions about your assets and i think this is mostly because i answered yes to the question about if i were eligible to file the 1040a ez.
Money you hold in a 401 k or an individual retirement account aren t considered assets on the fafsa. On the fafsa in the parents finance section if i add that my parents own other real estate with a somewhat high net worth will this affect me. Here s more detailed advice on how to report savings.
Two questions last year when a relative helped me fill out my fafsa he checked yes on the question asking if parents could file a 1040a 1040ez but he still filled out the parents assets section. Yup it wouldn t have made a difference either way. The fafsa gave me an.
Most of the questions on the fafsa might be quick to answer but there are a few tricky ones that can leave students puzzled which is why we re breaking down these fafsa questions for you. But when given the option of yes no to the question would you like to skip the following about your personal assets i d much rather stick with skipping it. So basically i have about 10 000 in cash.
However that s only because your asset. I recently filled out the fafsa online and i m worried that i might have made a mistake by not reporting my assets. Should i just skip it since it is giving me the option.
Insurance policies annuities and home equity are also excluded from consideration. Here are the 7 trickiest fafsa questions and our best advice on how to approach them.