<p>“Don’t mention retirement assets: The FAFSA doesn’t want to know about money that you have in such vehicles as 401(k) plans, Individual Retirement Accounts and other qualified retirement plans. If you mention these assets on your FAFSA, your chances for need-based financial aid will shrink.”</p>
<p>So on line 92 about ‘parent untaxed income’ (payments to tax-deferred pension and savings plans), I put what we contributed this year since it’s on the tax forms. We’re supposed to declare the annual contribution to the 401K, IRAs, etc. but just not mention the total assets in the 401K, IRAs, etc., right?</p>