• May 17, 2016 at 4:55 pm #2153
    Collmissoncollmisson
    Keymaster

    Not all the assets are needed to be reported on the FAFSA. Only those assets, which have an exchange value, that is, the assets that can be bought and sold should be reported on the FAFSA. Below are certain examples of the assets that have to be reported on the FAFSA:
    1. Cash
    2. Brokerage Accounts
    3. Real Estate
    4. Bank accounts, including checking and savings accounts
    5. Certificates of Deposit (CDs)
    6. Stocks, Bonds, Mutual Funds, ETFs, REITs, Private Equity, etc.
    7. Commodities and precious metals
    8. Installment and land sale contracts (including mortgages held)
    9. Custodial accounts, including Uniform Gift to Minors Act (UGMA) and Uniform Transfer to Minors Act (UTMA) accounts (if owner, not custodian)

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