<p>My S-I-L with a soon-to-be Junior son called from FLA . because she bought a time share . They alreday own the home they live in in MA. Will the time share be considered "owned property/second home " in her FAFSA /CSS calculations ??</p>
<p>What is the nature of the timeshare? Does she actually have a deed to property, or is this just availability of the facility.</p>
<p>She says she actually holds a deed.</p>
<p>Sounds like property then. It will be counted as a second property. The good news is that time-shares have relatively low fair market value. This should keep any negative impact at a minimum.</p>