<p>Thanks annoyingdad. That’s what my mom thought, too. But I don’t want to get into trouble. Mom talked to a guy who is a financial planner yesterday and he seems to agree with you that if I haven’t received the money by the time I file the FAFSA, I don’t have to report it. That would give me almost a year to pay off student loans and pre-pay other college expenses, before the (reduced) balance would count as an asset for my junior year.</p>