Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
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20140723 wrote:I have a very specific question on filling in my parents' info for the schools that require it even though they won't be helping me at all.
They literally just sold their house at the end of last year, and are renting for a bit.
Which means they have an excessive amount of cash hanging around for when they purchase their new house.
Do I seriously have to report their cash assets to include that amount? They don't make you report their assets for the house they currently live in, so would it be ok to keep that amount out of their total cash?
Ugh. Definitely taking the advice of sending in the FAFSA first without their info to all the other logical schools, but will need to come back and enter this in for the crazy ones.
No, I don't think it is okay to leave it out. Right now, it is a cash asset.
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