<p>My parents are the cosigners to my brother's student loans. Do these count as debt in my parent's net worth question on FAFSA (question 92)?</p>
<p>Net worth doesn’t take any debt into consideration. Read the instructions carefully & only list the things you are being asked to list. Net worth only looks at what you HAVE, not at what you owe.</p>
<p>The only debt that is taken into consideration in FAFSA is debt directly against a reportable asset. For instance a mortgage against a second home, or a margin loan against a stock account. These type of loans actually reduce the value you own of the asset. No other debt is taken into account.</p>
<p>I tried to tell my Dad this before but he doesn’t accept it. Even now he doesn’t accept it, even though I said it was 2 parents that said this (I assume you’re both mothers based on your usernames?).</p>
<p>He wants to call the FAFSA people tomorrow.</p>
<p>I am a financial aid officer (in addition to being a mom!). Swimcatsmom might as well be a financial aid officer!! :)</p>
<p>“Worth of your parents’ investments including real estate.” For real estate, you would take worth - amount owed on mortgage. Other investments include current worth of stocks, bonds, CDs, etc. </p>
<p>How does your dad think he would include a co-signed loan? Does he think he can deduct the amount of the loan from the worth of his other investments? The answer is no.</p>
<p>kelsmom is a Financial Aid Officer.</p>
<p>[What</a> is your parents’ net worth of current investments?](<a href=“http://www.fafsa.ed.gov/fotw0910/help/fotw43e.htm]What”>http://www.fafsa.ed.gov/fotw0910/help/fotw43e.htm)</p>
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<p>He should call FAFSA if he needs clarification. Unfortunately he will discover that the only debt FAFSA takes into account is debt directly against a reportable asset.</p>
<p>Swimcatsmom, I was looking for that link but couldn’t find it. You beat me to the punch.</p>
<p>Have your dad call the FAFSA helpline. Perhaps if he hears it directly from THEM he will believe it.</p>