Okay, so My Dad won the lottery, and I had a question about how it is going to affect my financial aid for next year..
On FAFSA, I know that whatever money he has leftover from his winnings has to be claimed as assets. Does it also have to be counted as income too (in addition to his salary)? I know if it's an asset we only have to pay 5.6% of that, but if it's counted as a one time income for that year wouldn't it be almost counted twice as an asset and income? Can anyone clarify how this would work