WARNING: If you purposely give false or misleading information, you may be fined, sent to prison or both.
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OFFICE OF STUDENT FINANCIAL AID
ROBESON COMMUNITY COLLEGE
Student Center Building 13
PO Box 1420
Lumberton, NC 28359
T 910.272.3352 Email: finaid@robeson.edu
F 910.272.3314 Website: https://www.robeson.edu/fa/
2020-2021 Asset Information
Form (Parent)
Parent Asset Form Helpful Information
As of the date the FAFSA is signed, it is considered a “snapshot” of the family’s information. Only in certain
circumstances and only for certain items can the family or a financial aid administrator update the FAFSA.
Additional Notes regarding questions 42 and 43 (as reported on the FAFSA):
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 you 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 qualified 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 in
question 42. For a student who must report parental information, the accounts are reported as parental investments in
question 91, 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 plans (401[k] plans, pension
funds, annuities, non-education IRAs, Keogh plans, etc.) or cash, savings and checking accounts already reported in
questions 41 and 90.
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 today. Investment debt means only
those debts that are related to the investments.
Business and/or investment farm value includes the market value of land, buildings, 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% 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 (your spouse and/or your parents) live on
and operate.
Please do not submit this page. This page is for informational
purposes only.
