I’m filling out fafsa, and my parents are moving by the end of this semester to our second house, which is currently standing empty, in australia, selling the house that we are currently in. what should I report as my investment?
You fill out the FAFSA as of the day you submit it. SOOOO if your family currently owns a house in Australia, the equity of that house is considered an ASSET because it’s not your primary residence. So…what is the equity in that Australia house??
It’s not an investment…it’s an asset.
Is that what you want to know?
The value of the home equity converted to US$ at the exchange of the day. If your parents aren’t sure about the home’s value, they could look for recent sales of similar homes in that neighborhood.
If they outright own a home in Australia, and a home wherever you are now, FAFSA is probably irrelevant. You are a US citizen?
How much equity is there in the house in Australia?
Are you thinking you will be getting need based aid? That is based primarily on parent income AND assets.