<p>Would it be better for me to pay all my January bills today so that my bank balance is lower when I fill out fafsa form tomorrow? Do I use my register balance or the balance according to my bank.
thank you</p>
<p>Yes…pay your bills today. Can you do them online? </p>
<p>If you’re asking whether you can write a check, but the money will still be in your acct when you file FAFSA, then wait a few days to file FAFSA. You don’t have to file on Jan 1st.</p>
<p>Yes, I can pay on line today but the funds don’t actually leave today.
I guess it’s not unlike making donations by 12/31 before filing taxes with IRS…I guess the question is do I use my register balance or the bank balance.
I know I can file Fafsa in a few days…any reason NOT to wait? Why do people seem so set on Jan 1 for Fafsa… is there really any difference between filing Jan 1 or Jan 5?
thank you</p>
<p>Unless you have really high bills, this is unlikely to make a difference. Remember that parents also have an asset protection allowance. It is very possible that the balance of your assets is below that amount.</p>
<p>there would be no difference between filing FAFSA on Jan 1 or 5th. That’s not enough of a difference to make a difference.</p>
<p>anyway…like Thumper says, your assets may be below the limits anyway. </p>
<p>If you’re concerned about your asset limits, then just file FAFSA on the 3rd. Then you’ll be fine.</p>