Get the free 1617 Household Resources Worksheet P - hfcc

FQCVER6 Office of Financial Aid 5101 Evergreen, Dearborn, MI 48128 (313)845-9616 Fax (313) 845-9825 www.hfcc.edu School Code: 00227000 2016-2017 Household Resources Worksheet Student s Last Name First

How to fill out 1617 household resources worksheet

Who needs 1617 household resources worksheet?

1. Individuals who are applying for government assistance programs like Medicaid, SNAP (Supplemental Nutrition Assistance Program), or TANF (Temporary Assistance for Needy Families) may need to fill out the 1617 household resources worksheet.
2. Additionally, students who are applying for financial aid for college, such as the Free Application for Federal Student Aid (FAFSA), might also be required to complete this worksheet. It helps assess the household's financial resources to determine eligibility for need-based aid.

How to fill out 1617 household resources worksheet:

1. Gather the necessary documentation: You will need to gather documents that provide information about your household's income and assets. These may include pay stubs, tax returns, bank statements, investment records, and any other relevant financial documents.
2. Calculate income: Start by listing all sources of income for your household, including wages, salaries, tips, pensions, Social Security benefits, dividends, and interest. Fill out the worksheet by entering the monthly or annual amounts for each source of income.
3. Report assets: Next, report the value of your assets. This can include cash, savings accounts, checking accounts, stocks, bonds, real estate, business interests, and other investments. The worksheet will typically ask for the current value of each asset.
4. Deduct exclusions and allowances: Some income and assets may be excluded or have specific allowances. For example, certain government benefits or allowances might be excluded from consideration. Fill out the worksheet by deducting these exclusions or allowances from your total income and assets.
5. Calculate Total Household Resources: Add up the total income and assets after deducting exclusions and allowances. This will give you an overall value for your household's resources.
6. Review and double-check: Before submitting the worksheet, carefully review all the information you have provided. Double-check for any errors or omissions, as accuracy is crucial for determining eligibility.
7. Submit the worksheet: Once you are confident that all information is correct, submit the completed 1617 household resources worksheet according to the instructions provided by the relevant agency or institution. Ensure you meet any deadlines that may be in place to avoid delays in processing your application.

Remember, specific instructions and requirements may vary based on the program or institution you are applying to, so it is essential to carefully read and follow the instructions provided.

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What is 1617 household resources worksheet?

The 1617 household resources worksheet is a form used to determine the financial resources available to a household.

Who is required to file 1617 household resources worksheet?

Individuals or households seeking financial assistance or benefits may be required to file a 1617 household resources worksheet.

How to fill out 1617 household resources worksheet?

To fill out the 1617 household resources worksheet, individuals must provide information about their income, assets, expenses, and other financial resources.

What is the purpose of 1617 household resources worksheet?

The purpose of the 1617 household resources worksheet is to assess the eligibility of individuals or households for financial assistance or benefits.

What information must be reported on 1617 household resources worksheet?

Information such as income, assets, expenses, and other financial resources must be reported on the 1617 household resources worksheet.