Do graduation gifts as money need to be reported on question 44 of the FAFSA?

[BelknapPoint]

@dlhamann

So if my child say, received about $700 in money for graduation from friends and family to do as they please, and they put it in their bank to use for ‘spending money’ at college (Starbucks, non-essential items, movies, makeup etc, Christmas gifts), should they list that on that question ?

@dlhamann

Or if Grandma gave them $50 for Christmas?

Say they received $700 but only have $500 left in their bank account ?

I will refer you back to what I wrote in an earlier post:

@BelknapPoint

At what amount the student has an ethical and legal duty to report becomes the question.