Does the total amount of your parents' asset net worth exceed the amount listed?

Does the total amount of your parents' asset net worth exceed the amount listed?

Select Yes if your parents’ current asset net worth exceeded this amount on the day you submitted your FAFSA.

Select No if your parents’ current asset net worth did not exceed this amount on the day you submitted your FAFSA.

Asset net worth means current value of the assets minus what is owed on those assets.

Assets include:

  • Money in cash, savings, and checking accounts
  • Businesses
  • Investment farms
  • Other investments, such as real estate (other than the home in which your parents live), UGMA and UTMA accounts for which your parents are the owner, stocks, bonds, certificates of deposit, etc.

Assets do not include:

  • The home in which your parents live
  • UGMA and UTMA accounts for which your parents are the custodian, but not the owner
  • The value of life insurance
  • Retirement plans (401[k] plans, pension funds, annuities, non-education IRAs, Keogh plans, etc.)

Is this answer helpful?

Thank you for your response.
Total Characters: 500 Remaining: 500