<p>i'm debating which one to list my personal savings under, since they seem to overlap. because i'm an international applying to need-aware colleges, i want to up my EFC as much as possible. since colleges are more inclined to use student savings than family/parents' savings, i want to list my savings under "student assets" so as to emphasize that these are MY savings. is that okay?</p>
<p>You have to list the asset under the holder of the account. So…if the savings account is in the student’s name, it MUST be listed as a student asset. If it’s in the parent’s name, it MUST be listed as a parental asset. You can’t just “decide” to put you assets in one place or another. They really have to BE in one place…or another. So…If you are a student, and you have student savings in YOUR name…they go under “student assets”.</p>
<p>oops, do i have to include the student asset amount into “family savings” then? will they kill me if i didn’t? they are quite easily misconstrued as two separate figures</p>
<p>I am not sure if you have a correct understanding of how schools calculate EFC when you say schools are “more inclined” to use student assets. They will assume a certain percentage of both student and parental savings are available to pay for college, not either/or. If the funds are somewhat flexible such as a bank savings/checking account and not in a trust in your name, for example, in general, it is better for significant student assets to actually be held by the parents rather than the student.</p>
<p>For example, using round numbers, a school might assume 5% of parental savings/assets and 30% of student assets are available for school expenses. Using the following example:</p>
<p>Parental Savings/Assets: $40,000
Student Savings/Assets: $10,000</p>
<p>the school might calculate a contribution towards EFC of $5,000 from the combined parental/student savings ($40k x .05 = $2k; $10k x .3 = $3k).</p>
<p>On the other hand, if the distribution were as follows:</p>
<p>Parental Savings/Assets: $48,000
Student Savings/Assets: $2,000</p>
<p>The school might calculate a contribution towards EFC of $3,000 ($48k x .05 = $2,400; $2k x .3 = $600).</p>
<p>So you can see given the same total savings/assets, the distribution of assets between the amounts held in the parent’s and student’s names can affect the EFC.</p>
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<p>Let me try again. Student savings are included under student savings. Parent savings are included in parent savings.</p>
<p>You do not put student savings accounts (ones in the student’s name only) under parent assets…because the belong to the student.</p>
<p>You do not put parent assets under the student’s assets because they belong to the parents.</p>
<p>Parent assets are reported in the parent section.</p>
<p>Student assets are reported in the student section. </p>
<p>If this doesn’t answer your question, could you please rephrase it?</p>
<p>Dadx4 - i want the exact opposite. I want my EFC to be as HIGH as I can afford, because as an international lots of schools are need-aware towards me. I want my chances to be as good as possible.</p>
<p>thumper1 - i asked about family vs student assets, not parent vs student assets. let me try again. is the student not part of the family? so should the family figure be “student + parent + little brother etc”?</p>
<p>On the FAFSA anyway there are two places to put savings accounts. One is under the STUDENT section and one is under the PARENT section. </p>
<p>Is there some other part that you are looking at that I don’t know about?</p>
<p>Or are you doing the Profile? Even on the Profile, I believe the assets are the parent’s and the student’s.</p>
<p>I guess I’m not sure what you mean. Are you asking if you should list the assets of your siblings on these forms? (I don’t believe you do if they are held by the siblings only). I’m honestly confused by your question.</p>
<p>Here is my bend…you MUST list assets in your name under YOUR assets, and you cannot list assets that belong to others as being yours (the student’s). SO…if you are asking if you can list your parent’s assets under YOURS, the answer is no. I don’t believe you can list anyone’s assets but yours (the student’s) under “student assets”.</p>
<p>And if you list the asset under the “student” section, you do NOT list it again anywhere else…only once. </p>
<p>Perhaps someone else can chime in…I still feel like I’m missing something in the questions.</p>
<p>If you have a JOINT savings account with you name and your parents name I think you can choose one person for the assets, but it must be consistent- if your joint account is your parents, then your little sister’s is too.</p>
<p>The OP can’t file FAFSA as an international; it’s only for US citizens and permanent residents.</p>
<p>If you’re afraid that having a lower EFC will result in not getting accepted, why apply for FA at all? If you need FA to attend the school, then what good is it to get accepted?</p>
<p>There really is no way for the Op to pick and choose how he wants his assets to look. Since the OP is an international student when he files the international student financial aid application he will have to provide not only copies of the bank statements but the bank will also have to sign and verify the holder of the accounts. Now do you really think that a bank official is going to lie for you?</p>
<p>i am aware of the certification of finances needed. it’s a bit too far fetched to think im going to lie - all i was really asking is, how to reconcile the overlap between “family savings” and “student assets”? </p>
<p><a href=“Home | Dartmouth Admissions”>Home | Dartmouth Admissions;
<p>that’s on the fourth page, near the top. among the blanks, there’re “family savings” and “student assets”. where do my savings go?</p>
<p>The students assets are just that- your assets which can be verified
family assets are your parents that can be verified</p>
<p>Aren’t you a little late in the filing of your FA paperwork which was due 1/1?</p>
<p>YOUR savings…the ones in YOUR name (the student’s) go under STUDENT ASSETS. No one else’s assets can go under student assets. These need to be assets held in YOUR (the student’s) name. </p>
<p>In your OP you asked if you could include the family assets under the student’s name so that the student assets would appear higher. The answer is a simple NO…not if they are not in your name.</p>
<p>And I would stick my neck out and say that on ANY form you are filling out, you cannot put someone else’s assets in the student asset area.</p>