I realized that I have been making the same mistake on my FAFSA applications for the past 3 years.

[robert564]

@thumper1

You declared the money as you mom’s asset when she was your custodial parent. You wouldn’t then declare the SAME money as your own.

When your dad was your custodial parent, you would not have included your mom’s assets. Any money in that joint account that was yours should have been declared. If the money was all your mom’s than the money was all your mom’s…and would not have been your asset.

@kelsmom am I right?

Yes, the money in that account was my moms. However, both our names and social security numbers are listed on that account. So what I am worried about is the department of education going after me for failing to declare money that was on that account.