Get the free Dependent Asset Information Form - wright

This form is used to collect asset information for dependent students as part of the 2012-2013 Free Application for Federal Student Aid (FAFSA) process. It includes sections for student and parent

How to fill out dependent asset information form

How to fill out Dependent Asset Information Form

1. Gather personal information about the dependent, including their full name, date of birth, and social security number.
2. List all assets owned by the dependent, such as bank accounts, investments, real estate, and any valuable possessions.
3. Provide the current value of each asset, including cash and its equivalents.
4. Include any liabilities or debts associated with the dependent, if applicable.
5. Review the form for accuracy and completeness before submission.

Who needs Dependent Asset Information Form?

1. Anyone who is applying for financial aid or assistance programs that require disclosure of dependent assets.
2. Guardians or parents of dependents who need to report the financial situation of their dependents.
3. Institutions that require the form for determining eligibility for scholarships, grants, or loans.

People Also Ask about

Should I empty my savings account for FAFSA?

Investments don't include the following: the home in which you (and if married, your spouse) live. cash, savings and checking accounts. ABLE accounts. the value of life insurance and retirement plans (401[k] plans, pension funds, annuities, noneducation IRAs, Keogh plans, etc.)

What assets does FAFSA look at?

Whether you drain your bank accounts or not, that is still money that you have available to you. They ask what the value is of your checking, savings, and cash as of the date you complete the FAFSA. Intentionally draining your accounts and knowingly providing false information on the FAFSA is a federal crime.

What assets are not counted for FAFSA?

What is not considered an asset on the FAFSA? Equity you own in your primary residence. Life insurance policies. Personal possessions. Retirement plans, like a 401(k), non-education IRAs, annuities, and others. UGMA and UTMA accounts that are not owned by you. ABLE accounts.

What assets can be excluded from FAFSA?

Assets that are not counted by FAFSA when determining your SAI include: 401(k) and Roth and traditional IRA accounts (though withdrawals from Roth IRA accounts will be counted as untaxed income) Cash values of whole life insurance policies and qualified annuities. SIMPLE, KEOGH, and pension plans. Annuities.

For pdfFiller’s FAQs

What is Dependent Asset Information Form?

The Dependent Asset Information Form is a document used to disclose the financial assets owned by dependents for purposes of assessing eligibility for financial aid or determining tax responsibilities.

Who is required to file Dependent Asset Information Form?

Typically, parents of dependent students applying for financial aid are required to file the Dependent Asset Information Form to provide a complete picture of the family's financial situation.

How to fill out Dependent Asset Information Form?

To fill out the Dependent Asset Information Form, you need to gather information about your dependents' assets, including bank account balances, investments, and any other relevant financial accounts, and enter this information into the designated sections of the form.

What is the purpose of Dependent Asset Information Form?

The purpose of the Dependent Asset Information Form is to collect information about the financial assets owned by dependents to accurately assess financial aid eligibility and to ensure compliance with tax regulations.

What information must be reported on Dependent Asset Information Form?

The information that must be reported includes details about bank accounts, stocks, bonds, real estate, and any other financial resources owned by dependents, as well as estimates of their total value.