What is the net worth of your investments?

What is the net worth of your investments?

This is a FAFSA4caster question.

This question can't be left blank.

The net worth of your (and your spouse’s) current investments is the amount leftover after deducting the debt from the value of the investment.

For example: You (and your spouse) own an investment property valued at $100,000, however, $75,000 in debt is owed on the property. The net worth of the investment is $25,000 ($100,000 – $75,000 = $25,000).

If you (and your spouse) own multiple investments, total the net worth amounts and report them as a lump sum.

For example: You (and your spouse) own two investment properties. One property’s net worth is $25,000 and the other property’s net worth is $15,000, the total net worth of current investments is $40,000.

If your (and your spouse’s) net worth is:

If your (and your spouse’s) net worth value is Enter
Ten million or more 9999999
Zero or less than zero 0

Round to the nearest dollar. Don't use commas or decimal points.

Investments include real estate (do not include the home in which you live), trust funds, Uniform Gift to Minors Act (UGMA) and Uniform Transfer to Minors Act (UTMA) accounts, money market funds, mutual funds, certificates of deposit, stocks, stock options, bonds, other securities, installment and land sale contracts (including mortgages held), commodities, etc.

Note: UGMA and UTMA accounts are considered assets of the student, and must be reported as an asset of the student on the FAFSA4caster, regardless of the student’s dependency status.

Investments also include qualified educational benefits or education savings accounts such as Coverdell savings accounts, 529 college savings plans and the refund value of 529 prepaid tuition plans.

If you aren't required to report parental information and you own (or if married, your spouse owns) any of these qualified educational benefit plans report the current balance of the plan as a student / spouse asset.

The amount to be reported for a prepaid tuition plan is the “refund value” of the plan.

Investment value means the current balance or market value of these investments as of today. Investment debt means only those debts that are related to the investments.

Investments don't include the home in which you (and your spouse) live; cash, savings and checking accounts; ABLE accounts; or the value of life insurance and retirement plans (401[k] plans, pension funds, annuities, non-education IRAs, Keogh plans, etc.).

If you need additional help, view available help options for further assistance.

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