Quick FAFSA Question

Paying for College
1

<p>I just realized that I posted this same question on the wrong board; my apologies....</p>

<p>My son cashed in several small gift EE savings bonds in late December 2005 that he was given as a baby. The interest he received is small, not nearly enough for him to file a tax return for 2005. He has no wages or other earned or unearned income/dividends for the year. Does this EE interest get reported on the FAFSA somewhere??</p>

<p>My son's car accident in December really set our FAFSA application process back majorly. We plan to do a "will file", but I've looked at the paper filers instructions for guidance on this topic, but it doesn't seem to help.</p>

<p>Thanks!</p>

2

<p>Orange Blossom</p>

<p>I believe that interest is considered "income," and should be reported as such on FAFSA/Profile.</p>

<p>Good luck!</p>

3

<p>Does that mean that his EE interest would go under "Other untaxed income not reported elsewhere" on Worksheet B? And would the corresponding parent column be where we would list our interest income (like from CDs)? I feel so totally FAFSA challenged?</p>

4

<p>No. It is assumed that interest income is included in the adjusted gross income reported in section 3 & 5.</p>