Low income/ high(?) assets?

Paying for College
6

The FAFSA isn’t the issue IF this student also fulfill one of the following in addition to low income.

  1. Parent was eligible to file a 1040A or 1040 EZ form.

OR

  1. Someone in the family is eligible for a means tested benefit like SNAP or Free/reduced lunch.

OR

  1. A parent is a dislocated worker.

If the above apply, the assets would not be counted on the FAFSA…as the student would qualify for the simplified needs test.

BUT there is no simplified needs test for the CSS Profile and those assets will need to be reported.