Date for the account balances for FAFSA

[swimcatsmom]

<p>vballmom - did that happen to you? If so I believe the college was wrong to ask you to do that. My understanding is that you do not ever adjust the asset amounts unless there was an error in what you reported as of the day of filing.</p>

<p>From the FAFSA website FAQs</p>

<p>

Can I change any of the answers on my FAFSA using Corrections on the Web?</p>

<p>With the exception of your Social Security Number, you can change your answers to any FAFSA questions using Corrections on the Web.</p>

<p>TIP: Certain questions, especially those pertaining to your financial information and marital status, should not be updated. They should only be changed if they were incorrect as of the day the FAFSA was submitted the first time.</p>

<p>If you feel you have unusual circumstances that should be considered after your FAFSA is processed, you should contact your school’s financial aid office to find out how you might be able to correct your application. </p>

<p>Can I use Corrections on the Web to make corrections or updates to an application I have already submitted?</p>

<p>Yes. If the information you entered on your FAFSA was incorrect as of the day you signed the FAFSA, you can use Corrections on the Web to correct your answers.</p>

<p>You cannot change</p>

<pre><code>* Your Social Security Number (SSN). If your SSN is incorrect, you must complete a new application with the correct SSN.
*** Your financial information, unless it was incorrect as of the day the FAFSA was submitted.**

• Your marital status, unless it was incorrect as of the day the FAFSA was submitted.
  </code></pre>

<p>

</p>

<p>We have adjusted several in the past - usually to update income when tax returns are finalized - we have never been asked to change the asset information.</p>