15CV1.5 2/18/15
Asset Information – Independent Students, enter N/A for Parents (*for help, see notes this page):
Student/Spouse
Parent As of today, what was your total current balance of cash, savings, and
checking accounts? Do not include student financial aid.
Enter Zero (0) if none.
Student/Spouse Parent As of today, what was the net worth of your investments, including real
estate (not your home)? See notes on bottom of form.
Enter Zero (0) if none.
Student/Spouse Parent As of today, what was the net worth of your current businesses and/or
family owned businesses and/or investment farms? Do not include a
farm that you live on and operate. See notes on bottom of form.
Enter Zero (0) if none.
By signing this form you are certifying that all the information reported on it is
complete and correct.
________________________________________________________________
Student Signature Date
________________________________________________________________
Parent Signature (required for dependent student) Date
*
Notes for Asset Questions
Net worth means current value minus debt. If net worth is negative, enter 0.
Investments include real estate (do not include the home in which yo
u live), rental property (includes a unit within a family home that
has its own entrance, kitchen, and bath rented to someone other than a family member) trust funds, UGMA and UTMA accounts,
money market funds, mutual funds, certificates of deposit, stocks, stock options, bonds, other securities, installment and land sale
contracts (including mortgages held), commodities, etc.
Investments also include qua
lified educational benefits or education savings accounts (e.g. Coverdell savings accounts, 529 college
savings plans and the refund value of 529 prepaid tuition plans). For a student who does not report parental information, the accounts,
owned by the student (and/or the student’s spouse) are reported as student investments. For a student who must report parental
information, the accounts are reported as parental investments, including all accounts owned by the student and all accounts owned
by the parents for any member of the household.
Investments do not include the home you live in, the value of life insurance, retirement plan
s (401[k] plans, pension funds, annuities,
non-education IRAs, Keogh plans, etc.) or cash, savings and checking accounts already reported as cash. Investments also do not
include UGMA and UTMA accounts for which you are the custodian, but not the owner.
Investment value means the current balance or market value of these investments as of the day you completed the FAFSA.
Investment debt means only those debts that are related to the investments.
Business and/or investment farm value includes the market value of land, buil
dings, machinery, equipment, inventory, etc. Business
and/or investment farm debt means only those debts for which the business or investment farm was used as collateral.
Business value does not include the value of a small business if your family
owns and controls more than 50 percent of the business
and the business has 100 or fewer full-time or full-time equivalent employees. For small business value, your family includes (1)
persons directly related to you, such as a parent, sister or cousin, or (2) persons who are or were related to you by marriage, such as
a spouse stepparent or sister-in-law.
Investment farm value does not include the value of a family farm that you (yur spouse and/or your parents) live on and operate.
