<p>I feel stupid asking this, but what are considered assets? EVERYTHING we own, cars, cash in bank, 401k, furniture, etc? I don't know what the limits are, if any.</p>
<p>Depends on whether you are talking about FAFSA or CSS. FAFSA assets are investments, Bank accounts, properties etc (with the primary home and retirement accounts such as IRAs being excluded). The link in post #1 in this thread will tell you more specifically
<a href="http://talk.collegeconfidential.com/financial-aid-scholarships/639513-2009-2010-fafsa-detailed-question-question-instructions-now-available-web.html%5B/url%5D">http://talk.collegeconfidential.com/financial-aid-scholarships/639513-2009-2010-fafsa-detailed-question-question-instructions-now-available-web.html</a></p>
<p>I believe CSS asks for a lot more information</p>