<p>The only way those other real estate properties will NOT be included in the FAFSA and Profile formulas is if your family SELLS them. You say the less assets are considered…the better. But really, if you HAVE the assets, they WILL be considered. The OP says the family owns a second residential property AND land. Those will be considered assets on both the FAFSA and Profile forms.</p>
<p>Exception, if the student qualifies for the simplified needs test, the assets won’t count for FAFSA purposes…but they WILL count for schools using the Profile.</p>