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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>