opening a bank account after FAFSA filing?

Paying for College
1

<p>Hi,</p>

<p>I was wondering if it is okay to open a checking account coincidentally the day after I file my FAFSA. I have had a job for about 2 months and so far have just been cashing the checks. However, now I realize that I actually need a checking account in order to purchase items such as books online via a debit card. Would this be at all strange at all to the FAFSA people? I do realize that it may seem like I am hiding money or something like that.</p>

2

<p>No one is going to know.</p>

<p>I am assuming that you did report whatever you had that was not in the bank, as it doesn’t matter if it’s in a bank account, CD’s, mutual funds, or your mattress … it’s still an asset.</p>