2019-2020 Asset Verification Form
After a review of your FAFSA data, we must verify your/your parent(s) asset information because discrepancies exist with the reported asset information.
Please provide the student asset amounts below, as of the date you originally completed your FAFSA. Note: If you were required to provide parent
information on the FAFSA, you must also provide parent asset information below.
Name: ____________________________________ Student ID #: _________________________________
Mailing Address: _____________________________ Telephone Number: __________________________
Email Address:___________________________________________________________________________
ASSETS
As of Date You Originally Completed 2019-2020 FAFSA
What is the total current balance of your cash, savings, and checking accounts?
(Do not include financial aid refunds)
What is the net worth of your investments, including real estate (not your home)? (Net
worth means current balance or market value minus investment related debt)
If you have a current business and/or investment farm, what is the current net worth?
Investments Include: Do NOT Include:
Real estate (other than the home you live in), rental property, trust The home you live in, the value of life insurance, retirement plans
funds, UGMA and UTMA accounts, money market funds, mutual (pension funds, annuities, non-education IRAs, Keogh plans, etc.) or
funds, certificates of deposit, stocks, stock options, bonds, other cash savings and checking listed in question 1 above. Investments
securities, installment and land sale contracts (including mortgages also do not include UGMA and UTMA accounts for which you are
held), commodities, etc. Also include qualified educational benefits the custodian, but not the owner.
or educational savings accounts and distributions from a 529 plan
that the student receives.
Business and/or Investment Farm Value Include: Do NOT Include:
The market value of land, buildings, machinery, equipment, The value of a small business if your family owns and controls more
inventory, etc. Business and/or investment farm debt means only than 50% of the business and the business has 100 or fewer full-
those debts for which the business or investment farm was used as time or full-time equivalent employees.
collateral.
The value of a family farm that you (your spouse and/or your
parents) live on and operate.
Certification Statement
B
y signing this form, I certify that all of the information on this form is complete and accurate to the best of my knowledge. Warning: Purposely giving false
or misleading information may result in a fine, imprisonment, or both.
Student Signature Date
Parent Signature ________ Date
SOWELA Technical Community College does not discriminate on the basis of race, color, national origin, gender, disability or age in its programs or activities. The
following person has been designated to handle inquiries regarding the non-discrimination policies:Title: Compliance Officer Address: 3820 Senator J. Bennett
Johnston Ave, Lake Charles, LA 70616
Telephone No: 337-421-6565 or 800-256-0483 Email: complanceofficer@sowela.edu
3820 Senator J. Bennett Johnston Ave
Lake Charles, LA 70615
337-421-6545
onestop@sowela.edu
