Completing the FAFSA: What Parents Need to Know About Cash and Savings

Filing the Free Application for Federal Student Aid (FAFSA) is one of the most important steps in securing financial aid for your child’s college education. But many parents are surprised to learn that their cash and savings accounts can significantly impact the amount of aid their child is eligible to receive. Understanding how your assets are viewed and what you do or don’t need to report can make a major difference.