Hello! I am applying for financial aid as an international student and a few questions confused me.
For these questions Should I enter the gross or the net income of my parents?
Enter the wages, salaries, commissions, and tips your parents received in 2015.
Enter the income parent 1 earned from work in 2015.
3)Enter the amount of income parent 1 earned or expects to earn from work in 2016
For this question should I add the current value of our car? How much are your parents’ other assets worth?
No. You don’t include the value of your car in the income section. You also don’t include it as an asset unless it is some collector car worth a ton of money. But the car your family drives? No that is NOT income in any way shape or form (well unless it’s a taxi), and it’s not listed as an asset.
Some colleges do ask for the value of cas as a supplemental Profile question. If it’s on yours…answer that car question there.