<p>Hopefully this makes sense:</p>
<p>I have an opportunity at an internship for my final year of grad school, but in order to get it, I need to qualify for financial aid. I’ve been asked to fill out a FAFSA (which I’ve never done before). I’m independent of my parents, but in 2006 I was working full time, making a little less than $30k for the year.</p>
<p>If I get this internship, I will not be working and will not have an income for the school year. Is there a way to note this?</p>
<p>Also, I have a large-ish asset in a money market account (about $45k) that was an inheritance from last year. I know already that this will reflect poorly on my ability to get financial aid, but will that amount completely knock me out of the running? </p>
<p>If so, would it be better to gift it to people in my family before filling out my FAFSA, or to use it as a downpayment on a house?</p>
<p>Thanks!</p>
<p>B</p>