<li>On Worksheet B, there is a section on "child support received for all children. Don’t include foster care or adoption payments. What does child support mean here? My parents don’t have any foster or adopted kids.</li>
<li>For Question 88 about parents’ investments, the FAFSA sheet says that investments include “installment and land sale contracts (including mortgages held)”, but not “the home you live in”. My parents have bought a unit in an apartment, but they still pay money to (I think) the banks because they borrowed the money to buy the unit. So, is the unit my parents bought considered a part of the net worth of my parents’ investment?</li>
<li>For Question 89, about the net worth of the parents’ current businesses and/or investment farms, the FAFSA sheet says business/and or investment far value includes the market value of land, building,… Again, does my parent’s unit in the apartment count in there?</li>
<li>For Question 22, do I have to say “yes” to the Selective Service. I am male and will turn 18 in late Febuary, but I will file the FAFSA before I turn 18.</li>
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<li>if your parents receive no child support then this would be zero. It is directed towards, for instance, divorced/separated parents where the custodial parent receives money from the other parent.
2.
The loan against the secondary/rental home is deducted from the homes value to arrive at the net worth.
3.
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<li>There was a thread on this a while ago and I can’t remember what the answer ended up being. I think there was some contradictory advice. Do a search for ‘selective serve’</li>
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<li>On Worksheet B, there is a section on "child support received for all children. Don’t include foster care or adoption payments. What does child support mean here? My parents don’t have any foster or adopted kids.</li>
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<p>This line is for any child support your parent(s) may receive. If no one is paying any child support to your family, the amount would be $0.</p>
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<li>For Question 88 about parents’ investments, the FAFSA sheet says that investments include “installment and land sale contracts (including mortgages held)”, but not “the home you live in”. My parents have bought a unit in an apartment, but they still pay money to (I think) the banks because they borrowed the money to buy the unit. So, is the unit my parents bought considered a part of the net worth of my parents’ investment?</li>
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<p>The value of your parent’s rental is considered an ASSET as far as the FAFSA is concerned. They will need to answer this question. Your home is NOT included, but any other real estate or investements are.</p>
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<li>For Question 89, about the net worth of the parents’ current businesses and/or investment farms, the FAFSA sheet says business/and or investment far value includes the market value of land, building,… Again, does my parent’s unit in the apartment count in there?</li>
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<p>Hmmm…I’m not sure about this question. You would not list the asset twice, I don’t think. If the apartment is a business investment, maybe it should go here…this might be worth a call to the FAFSA “hotline”.</p>
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<li>For Question 22, do I have to say “yes” to the Selective Service. I am male and will turn 18 in late Febuary, but I will file the FAFSA before I turn 18.</li>
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<p>Answer the question based on the info for the date when you file…</p>
<p>I still don’t get Questions 88 and 89. The unit in the apartment my parents bought is where my family lives. We have no other houses/residences and the unit is our only and primary home. We are not done paying the mortgages on the home.</p>
<p>Don’t include the value of your primary residence anywhere in FAFSA. So if the only real estate you own is your primary residence (it’s confusing, because when you say you bought an apartment, most often that means you bought it as an investment to rent out)-- you leave it off entirely.</p>
<p>Re: draft- just check yes, or it will cause problems down the road. Technically, since you’re not yet 18, it looks like you should check “no.” But once you turn 18, the computer will see that “no” checked, and it will cause your finaid application to grind to a halt.</p>
<p>I also misunderstood your question. I thought you meant your parents bought a unit to rent out which was in addition to you primary residence. If the unit is your residence then, as sblake said, you do not declare it or it’s value on FAFSA.</p>
<p>I’d suggest you go to <a href=“http://www.sss.gov/when.htm[/url]”>http://www.sss.gov/when.htm</a> and register for the selective service now rather than putting down info that is not true. According to the website you can register 30 days before your 18th birthday.</p>