<p>Does anyone know where and if debt payments I receive need to be included on the fafsa or css profile? Does this count as additional income? I’m just wondering if my application was verified as these would show up on bank statements. It’s not a lot but i’m wondering if it’s considered income?</p>
<p>It would be considered an investment. You loaned someone money and they are paying you back with interest, I presume, and therefore the principal is a current year asset. The interest component of the payments would be reported as prior year income.</p>
<p>As support the above, see the FAFSA instructions re “take back mortgages.” Questions 87-89.</p>