[quote]
I think parents have 500,000 asset will get them nothing from State U ]/quote]
No, the question in the original post was about assets.
There are some merit scholarships that require the FAFSA, the loans require FAFSA, and there are even a few schools that give a bonus for filing FAFSA. Even to millionaires.
If you think it is a waste of time, don’t bother. My daughter is taking a summer class and they told us to add the school to the FAFSA. Took 2 seconds. Probably won’t get anything, but you never know.