A little confused...

ufhopeful24
Tue, 29 Mar 2011 12:46:08 +0000

Well, I haven’t been able to touch the money until September of this year, so I did not think I had to report it because I technically did not get the money until my birthday this year. I was not aware I still had to report it. I also have been unable to get ahold of the person handling the money, but I have been trying to get in contact with him. I am sorry I cannot offer more information on the type of account - I wish he would answer his phone! We have been playing phone tag for over a week now. Very frustrating.

How will this affect my EFC? My mother makes anywhere from $48,000-$50,000 depending on the year and how much she works, so we are already not receiving that much financial aid, but a very good amount that definitely helps me out. I do not work though, and I also have a brother in college too. She is also a single mother and has no help whatsoever, and my father is absolutely not in the picture (he contributes nothing, and never has). So basically, the number that goes on the FAFSA is her AGI of $48,000-$50,000 and her taxes she paid and whatnot.

And where would my inheritance be reported on the FAFSA? Under “income” for the student? Or under where it asks how much the student has in savings?