Reporting Assets on FAFSA in one lump sum?

Paying for College
1

<p>Assets that I need to report on the FAFSA are:
savings bonds
529b college plan
rental house
money market
stocks</p>

<p>Do I add these all together and put them on one line of the FAFSA? I would have thought there would be separate entries for each one, but I’m not sure I see that.</p>

2

<p>Another question, we purchased our rental house with a home equity loan on our residential house. The rental is valued at $28,000. We still owe $18,000 on the equity loan. Can I claim the rental to be valued at $10,000?</p>

3

<p>There are not separate entries for them. They are all treated the same in the EFC formula.</p>

<p>You report the net value of any assets. But the debt has to be directly against the asset. So a mortgage against the rental property can be used to reduce its value. The loan against your primary home can not as it is against the primary home which is not a reportable asset.</p>