Hopefully someone here can give me some advice. I am PT college student who receives federal financial aid. When I filled out the FAFSA I put that I do not have any savings bonds because at that time, I did not. About a week ago I received in the mail a package from my Uncle. In it was an old savings bond he said he had bought for me years ago but had forgot about it. Right now I am in a financial bind right now and could REALLY, really use this $. My question is...since I said on the FAFSA that I did not have any savings bonds, what would happen if I cashed the bond? Would I get in trouble? Would my aid be reduced? Would the Government make me give the $ to them? Any advice would be greatly appreciated!