Completing the FAFSA: What Parents Need to Know About Assets
Prepare For College, LLC by Chuck Moore, CCFC, Al Hoffman, CCA and Gary Carpenter, CPA, CCA
May 12, 2025
37:40
Episode notes
Assets play a significant role in determining a student’s eligibility for need-based financial aid through the Free Application for Federal Student Aid (FAFSA). The FAFSA uses a formula called the Federal Methodology to calculate a student’s Student Aid Index (SAI). This figure determines how much financial aid a student is eligible for. Assets, along with income, are key components in this calculation.
Keywords
fafsa
college
college financial aid
FSA ID, FAFSA Application
College Affordability, College Cost Reduction, How To Pay For College
SAI, EFC, Financial Aid Calculations
College, College Financial Planners, FAFSA, CSS Profile, College Cost