What Counts as Assets on the FAFSA
The FAFSA asks for your net worth, which includes cash, savings, and investments. Report checking and savings accounts, stocks, bonds, mutual funds, and real estate you own other than your primary home. Do not include the value of your primary residence or retirement accounts such as 401(k)s or IRAs.
How to Calculate Net Worth for the FAFSA
Net worth is the value of your assets minus your debts. Use current market values for investments and real estate, and subtract any outstanding loans secured by those assets. The Department of Education uses this figure to estimate your family's financial strength. You can find detailed guidance at studentaid.gov.
Common Mistakes to Avoid
Common errors include reporting retirement accounts, overvaluing property, or omitting debts tied to assets. Some assets are exempt, so double-check the FAFSA worksheet. Accurate reporting helps prevent verification delays and ensures you receive the correct aid offer.
