<p>Hi, if the assets that I've put in my FAFSA have changed significantly since March, I am wondering if I can revise my FAFSA and if I do, is there still grants available this late?</p>
<p>FAFSA asks for your assets as of the day you are first filing it. In other words, a change in assets is not a reason for revising the FAFSA.</p>
<p>Take a look here…since you didn’t mention what changed, this might help:
[Completing</a> the FAFSA 2011-2012/The Application Questions(40-42)](<a href=“http://studentaid.ed.gov/students/publications/completing_fafsa/2011_2012/ques3-2.html]Completing”>http://studentaid.ed.gov/students/publications/completing_fafsa/2011_2012/ques3-2.html)</p>
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<p>Assets are reported the date of your initial filing of the FAFSA and are not supposed to be changed UNLESS there was a mistake. If you used those assets, and they are no longer there, that is not a reason to change the FAFSA…you gotta leave those reported assets alone for this year.</p>
<p>If your assets really have changed for a reason (like they were used to pay unreimbursed medical expenses, or a parent lost their job and they were used to pay bills), you could request a special circumstance consideration from your college. You need to contact them regarding this. Some colleges will do this and others won’t…and that is permitted. You would need to document why the assets were used, and are no longer available (and anything like regular spending won’t really matter to the finaid office…it would be financial change for some crisis situation that would matter).</p>
<p>You are allowed to correct your FAFSA for errors. You can not revise your FAFSA because things have changed. In other words, you can not revise your assets to reflect that they have gone down since you filed FAFSA.</p>
<p>From the FAFSA website
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