Foreign assets in FAFSA application

BelknapPoint
Thu, 13 Jan 2022 00:37:18 +0000

natipacino:

Also, am I supposed to indicate an estimated price of the apartment?

I agree with thumper1 and kelsmom on the requirement to report the hometown apartment outside the U.S. as a parent asset. As far as the amount, do your best to estimate the fair market value in the local currency, deduct any amount owed on the property that is secured by the property (again, using the local currency), and then convert the resulting number to U.S. dollars using the exchange rate that prevails at the time you are completing FAFSA.