ASSETP
Asset Summary for Parent
2018-2019
Office of Financial Aid ▪ 100 East 8
th
Street ▪ PO Box 9000 ▪ Holland, MI 49422-9000
P: 616-395-7765 ▪ F: 616-395-7160 ▪ finaid@hope.edu ▪ hope.edu/financialaid
We are reviewing your 2018-19 financial aid application and need clarification of parental assets. Your parent/s should
provide the following information, noting the market value as of the date the FAFSA was filed
. If the response is
"none", enter a zero under ‘DOLLAR VALUE’.
EXCLUDE the value of the home in which you live and the value of life insurance or retirement plans (pension funds,
annuities, noneducation IRAs, Keogh plans, etc).
TYPE OF ASSET
DOLLAR VALUE
Cash, savings, and checking accounts: $_______________
Trust funds: +_______________
Stocks, stock options, bonds, other securities, and mutual funds: +_______________
Money market funds: +_______________
Certificates of deposit: +_______________
Commodities: +_______________
Coverdell Savings Accounts: +_______________
529 College Savings Plans for all children (owned by child or parent): +_______________
Refund value of 529 State Prepaid Tuition plans owned by parent: +_______________
Net value of installment & land sale contracts (including mortgages held): +_______________
“Other real estate”, including rental property, land, second homes, etc.:
(market value minus debt – do not include the home you live in) +_______________
Other investments including personal investment in a business or partnership
Type: ___________________________________ +_______________
Type: ___________________________________ +_______________
TOTAL: $______________
PARENTS’ BUSINESS ASSET INFORMATION (Leave blank if not applicable.)
If parents own more than one business, complete a separate form for each.
Is the business more than 50% family-owned and controlled?
YES
NO
Does the business have 100 or fewer full-time equivalent employees?
YES
NO
1. What is the business worth today? (market value of land, buildings, machinery, equipment, inventory, etc.) $__________
2. What is the business-related debt today? (include only those debts for which the business was used as collateral)
$__________
PARENTS’ INVESTMENT FARM ASSET INFORMATION (Leave blank if not applicable.)
Is the farm your parents’ principal place of residence and did they indicate on Schedule F of their 2016 federal tax return
that they “materially participated in the farm's operation"?
YES
NO
If No:
1
. What is the farm worth today? (market value of land, buildings, machinery, equipment, inventory, etc.) $__________
2. What is the farm-related debt today? (include only those debts for which the farm was used as collateral
) $__________
Parent Signature: ___________________________________ Date Signed: ____________________
