Looking over some threads made me think “I don’t remember being asked about checking and savings amounts when I filed the FAFSA last week” so I went back to take a look at the SAR and the space is blank. Are there instances that the question is not asked? I really don’t want to open up the FAFSA to make corrections unless it is absolutely necessary. TIA
There should have been a question just before that asking if your assets exceeded a certain number. If not, you would not get that question.
Also, if you are eligible for simplified needs to auto $0 EFC, you would not be asked for assets.
Thank you, I vaguely remember that from last year but appreciate you confirming it.
Yes, we were asked if we had assets above the asset protection allowance amount, that is based on the age of older parent. Ours was around $20,000. And we said no, so it didn’t ask any more about parent assets after that.
But my D was asked about income and assets, no asset protection allowance for dependent student.