Forgot to report paper bonds on FAFSA

LoveMyPuppies
Mon, 13 Jan 2014 16:03:33 +0000

I just found an envelope with forgotten education paper bonds for the kids. It is a couple thousand $ in small denominations. Completely forgot about them for years and they are not matured yet. They were not included in assets on FAFSA. They were bought by grandparents back in a day when SSN were not required for them and have kid’s names/nicknames on the face, some have my name. They will not be on 2013 tax return since we are not selling them. What should I do now? Not filed CSS yet.

a.Do Not report them on CSS and update on both FAFSA and CSS after taxes are filed. I am not sure assets field is updateable or is it only income/taxes? It is my first time filing.

OR

b.Do Not worry about them because assets value fluctuates greatly anyway due to stock market moves, it is a small amount and we are not eligible for federal aid anyway.

Most CSS schools on son’s list are unaffordable for us unless he gets close to full ride (a possibility) and in state schools we will be full pay.