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This document requests information necessary to complete the processing of the 2012-2013 Financial Aid application at Drake University, focusing on parent assets.
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How to fill out parent asset form
How to fill out Parent Asset Form
01
Obtain the Parent Asset Form from the designated office or website.
02
Start by filling out the personal information section, including your name, address, and contact details.
03
List all assets, including cash, investments, property, and any other significant items.
04
Provide current values for each listed asset, ensuring accuracy and honesty.
05
Include any liabilities that may offset the assets, if applicable.
06
Double-check the filled form for any missing information or errors.
07
Sign and date the form at the bottom.
Who needs Parent Asset Form?
01
Parents applying for financial aid for their children
02
Parents involved in estate planning
03
Individuals undergoing financial assessments for various programs
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People Also Ask about
What do parents' current assets mean?
Asset net worth means current value of the assets minus what is owed on those assets. Assets include. money in cash, savings, and checking accounts; businesses; investment farms; and.
How to answer parent assets on FAFSA?
Assets you SHOULD include on the FAFSA Money in checking accounts, cash and savings accounts. Real estate. While FAFSA does not consider your parent's primary residence as an asset, you need to declare the net worth of any additional property.
What is a parent asset?
Parent assets on FAFSA refer to any money that's readily available or anything that can be converted to money in the future. This includes but isn't limited to: Cash and bank accounts — Savings, checking, and money market accounts.
What is an example of a parent child asset?
For example, consider two assets: Diesel Generator 1001 based on asset model Diesel Generator and Fuel Tank 1A based on asset model Fuel Tank. In this scenario, Fuel Tank 1A is the child asset, and it should be linked to Diesel Generator 1001 as its parent asset.
What are parent assets?
Assets include (as of the date the FAFSA is filed) cash, savings, checking, other investments such as stocks, bonds, cds, College Savings plans, real estate (but not the home in which you live) and family owned small businesses and farms.
How to answer parent assets on FAFSA?
Assets you SHOULD include on the FAFSA Money in checking accounts, cash and savings accounts. Real estate. While FAFSA does not consider your parent's primary residence as an asset, you need to declare the net worth of any additional property.
Can I skip parents' assets questions on FAFSA?
You can't submit your FAFSA without your parent's tax info unless you are homeless, emancipated, married, or over the age of 24 and considered independent. Contact your financial aid office for guidance on your situation.
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What is Parent Asset Form?
The Parent Asset Form is a document that parents or guardians must complete to report their financial assets and liabilities when applying for financial aid or scholarships.
Who is required to file Parent Asset Form?
Parents or guardians of students seeking financial aid or scholarships are required to file the Parent Asset Form.
How to fill out Parent Asset Form?
To fill out the Parent Asset Form, parents should gather their financial documents, provide accurate information regarding their assets and liabilities, and submit the form by the specified deadline.
What is the purpose of Parent Asset Form?
The purpose of the Parent Asset Form is to assess the financial situation of the family in order to determine the amount of financial aid or support a student may be eligible to receive.
What information must be reported on Parent Asset Form?
The Parent Asset Form must report information such as bank account balances, real estate value, investments, and any outstanding debts or liabilities.
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