<p>For those who have this experience please help. The part where it say 2. As of the date you signed your FAFSA, what was the net worth of investments*, including real eastate? Net worth means current value minus debt. Examples of investments to be included: Mutual funds, stock options, bonds, 529 college savings plans & refund value of 529 state prepaid tuition plans, money market funds etc.......I understand that it did say Net worth means current value minus debt, if it's still a negative number do I put 0 or the negative number on the line for my parents? I do determine from the Capital Gain or Loss section of the 1040 right?</p>
<p>Sigh I went to the financial aid office and those people at the front desk isn't helpful. All she said was just ask your parent and whatever the current value today is write that down. -<em>- How unprofessional when it says Net worth means current value minus debt. -</em>-</p>
<p>Ask to speak with the FA Counselor or Director(Dean) of FA. A lot of times, the people at the front desks are either inexperienced and know nothing about FA or are work-study students who could care less.</p>
<p>According to the FAFSA website, if the result is zero or less than zero....you would answer zero. answer found here: <a href="http://www.fafsa.ed.gov/help/fotw43e.htm%5B/url%5D">http://www.fafsa.ed.gov/help/fotw43e.htm</a></p>
<p>It has to be debt that is directly against the asset. For instance if it is real estate it would be the mortgage. for stocks etc it would be something like a margin loan. </p>
<p><a href="http://www.finaid.org/educators/pj/consumerdebt.phtml%5B/url%5D">http://www.finaid.org/educators/pj/consumerdebt.phtml</a></p>
<p>Don't quite understand the capital gain/loss question. But I think a capital gain/loss reported on 1040 would be income related not asset related and would not be a debt against an asset. It would affect the parent income shown on FAFSA but not the assets. If you are asking if you can reduce the value of your assets by the capital losses reported on your 1040 then the answer is probably no (if that is what you are asking - if not then ignore the above).</p>
<p>Great the Investments total turn out to be 369000 and they strip my Federal Pell Grant T<em>T EFC is like 9600 now. Does it mean they will also take away my TAP? That means I gotta pay like 15K tution next year! ></em><</p>