Learning Library Quick Answers Financial Aid Planning

Should closely held stock be included on the FAFSA?


Scenario: Someone owns closely held stock of the company they work at. Should it be included on the FAFSA since it is not liquid? ....

Should closely held stock be reported on the FAFSA since it is not liquid?


Answer: The net-worth should be listed. Now, since it is closely held and not liquid, the value may be very low or zero.....

Should I attach my IRS Form 1040 to my FAFSA or CSS PROFILE?


Answer: No. Do not enclose receipts. However, financial aid offices at colleges to which you apply may ask for documentation of un....

Should I file a FAFSA for each college I plan on applying to?


Scenario: I apply to 4 colleges in 4 separate states. Must I fill out a FAFSA for each college? Answer: No. Fill out the federal f....

Should I list my son's car as an asset on his financial aid form?


Answer: No. A car is not an asset for financial aid purposes. List only you and your son's investment assets.....