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This document is used to verify the assets of parents for students applying for financial aid under the FAFSA program, ensuring accurate reporting of financial information.
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How to fill out 2012-13 parent asset verification

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How to fill out 2012-13 Parent Asset Verification

01
Gather necessary financial documents, including bank statements and investment records.
02
Start by filling out personal information, such as your name, Social Security number, and contact information.
03
List all parental assets, including cash, savings accounts, stocks, bonds, and real estate.
04
Provide the value of each asset as of the date specified in the form.
05
Review the completed information for accuracy and completeness.
06
Sign and date the form as required.

Who needs 2012-13 Parent Asset Verification?

01
Parents of students applying for financial aid who are required to verify their assets for the 2012-13 academic year.
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Asset verification acts as a deterrent against potential asset theft or misuse. By confirming the physical existence and location of assets, companies can identify missing or misplaced equipment, reducing the risk of fraudulent activity.
The purpose of this form is to provide third party verification of each household member's assets. Assets are items of value that may be turned into cash and may include savings accounts, checking accounts, IRA accounts, Certificates of Deposit (CDs), stocks/bonds, and online financial accounts.
This proof can include financial statements, bank statements, property deeds, investment records, or other documents that prove the existence and value of their assets. For secured loans, borrowers might need to offer assets as collateral.
Electronic asset verification systems (AVSs) collect information directly from financial institutions to determine whether certain seniors and people with disabilities who are applying for or receiving Medicaid have assets below eligibility caps.
While FAFSA does not consider your parent's primary residence as an asset, you need to declare the net worth of any additional property. That includes a vacation home, a second apartment building, or a rented-out property. Businesses. The net worth of any businesses your parents may own.

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2012-13 Parent Asset Verification refers to the process of confirming the financial assets owned by parents to determine eligibility for financial aid for the academic year 2012-2013.
Parents of students applying for financial aid who have been selected for verification by the financial aid office are required to file the 2012-13 Parent Asset Verification.
To fill out the 2012-13 Parent Asset Verification, gather necessary financial information regarding assets, complete the verification form accurately, and submit it to the financial aid office as required.
The purpose of the 2012-13 Parent Asset Verification is to ensure the accuracy of financial information provided in financial aid applications and to determine the correct amount of aid eligibility.
The information that must be reported on the 2012-13 Parent Asset Verification includes cash, savings, checking balances, investments, and real estate owned by the parents, as well as any other relevant financial assets.
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