Did I accidentally lie on FAFSA??

annoyingdad
Tue, 15 Sep 2015 19:37:13 +0000

With the income being less than $50k, you probably qualified for the simplified means test where assets aren’t counted. Your parents would also need to have filed a 1040a for 2014 taxes or you qualified for one of the means tested benefits such as free or reduced lunch. If you did qualify for the simplified formula, the skip logic of the online fafsa may not have asked for asset information at all depending on which state you live in.

The details for the simplified means test can be found on page 4 at this link: