<p>Someone up above said "If the money in the bank is the result of financial aid refunds, it should not be reported as an asset for FAFSA. "</p>
<p>Is this true?
Also, in a different scenario, if the money in the student’s bank account is all from Work/Study earnings, does this get reported as an asset for FAFSA? What about for the CSS Profile?</p>
<p>Thanks in advance, all you FA experts!</p>