What is the net worth of your investments?

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This is question 41 on the paper FAFSA.

The net worth of your (and if married, your spouse's) current investments is the amount left over after deducting the debt from the value of the investment.

For example: You (and if married, your spouse) own an investment property valued at $100,000; however, $75,000 in debt is owed on the property. The net worth of the investment is $25,000 ($100,000 – $75,000 = $25,000).

If you (and if married, your spouse) own multiple investments, total the net worth amounts and report them as a lump sum.

For example: You (and if married, your spouse) own two investment properties. One property’s net worth is $25,000 and the other property's net worth is $15,000; the total net worth of current investments is $40,000.

If your (and if married, your spouse's) net worth as of the day you submit your Free Application for Federal Student Aid (FAFSA) is:

Net worth value
Enter
One million or more999999
Zero or less than zero0

Round to the nearest dollar and do not include commas or decimal points.

Investments include real estate (do not include the home you live in), 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.

Note: UGMA and UTMA accounts are considered assets of the student and must be reported as an asset of the student on the FAFSA, regardless of the student’s dependency status. Do not include UGMA and UTMA accounts for which you are the custodian but not the owner.

Investments also include qualified educational benefits or education savings accounts such as Coverdell savings accounts, 529 college savings plans and the refund value of 529 prepaid tuition plans.

If you are not required to report parental information and you own (or if married, your spouse owns) any of these qualified educational benefit plans report the current balance of the plan as a student / spouse asset. The amount to be reported for a prepaid tuition plan is the “refund value” of the plan.

Investment value means the current balance or market value of these investments as of the day you submit your FAFSA. Investment debt means only those debts that are related to the investments.

Investments do not include the home you (and if married, your spouse) live in; cash, savings and checking accounts; the value of life insurance and retirement plans (401[k] plans, pension funds, annuities, non-education IRAs, Keogh plans, etc.).

For more information about reporting investments, call the Federal Student Aid Information Center 1-800-4-FED-AID (1-800-433-3243).

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