<p>Thanks, swimcatsmom. I messed up and reported my elder kid’s full bank balance last year. It wasn’t much, but it was all from Work/Study earnings. Since student assets are assessed at 20% for FAFSA (how much for Profile? - I don’t remember, if I ever knew), it helps to only report what you’re supposed to, and not any extra! Every little bit helps. Does this Work/Study-money-in-the-bank-account situation also apply to the Profile?</p>
<p>In a situation where a student is living off campus and some of his FA is going to rent and groceries (ie. the FA is more than the $$ amount of tuition and fees), is this what is referred to as a “financial aid refund”? Then the part of the student’s bank account that is from that money isn’t supposed to be included either? (my kid may be living off campus next year, and it helps to know all this stuff in advance.)<br>
Thanks again!</p>