<p>finsihed up my first FAFSA submission, but haven't submitted it yet. In reading many of the questions here in this forum caused me concern I didn't do something correct. Can someone clarify please?</p>
<p>1) Financial Info - I did not get a question concerning 529 value. Is this supposed to be included in the current investments total?</p>
<p>2) In reading many of the threads, there is reference to the Expected Payment worksheet. Where is the worksheet? Is this an output by FAFSA or the institution?</p>
<p>3) I have not found a comprehensive article that states the "process" used by institutions to determine aid calculations. Is there one that someone can point me to?</p>
<p>Thank you.</p>
<p>Yes, all 529 accounts are reported on as parent assets (even if in the student’s name) and you can find complete instructions for all of the FAFSA questions here:</p>
<p>[Completing</a> the FAFSA: Financial Aid from the U.S. Department of Education](<a href=“http://studentaid.ed.gov/students/publications/completing_fafsa/index.html]Completing”>http://studentaid.ed.gov/students/publications/completing_fafsa/index.html)</p>
<p>The EFC formula guide is just a document with worksheets - not necessary to read/complete but gives one a better insight into how the EFC is derived. </p>
<p><a href=“http://ifap.ed.gov/efcformulaguide/attachments/082511EFCFormulaGuide1213.pdf[/url]”>http://ifap.ed.gov/efcformulaguide/attachments/082511EFCFormulaGuide1213.pdf</a></p>
<p>Not sure what you mean by the last question - the general process or are you asking about Profile? In general, federal and state aid are determined first, according to statutes, and then each institution has their own aid policies which are driven by various goals and funding constraints. You can find specific info on the federal aid programs at finaid.org and studentaid.ed.gov.</p>
<p>thank you - this is a big help</p>