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Filling out Fafsa - Asset Networth Above \$1,600 or Below

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Intern
Joined: 14 Oct 2013
Posts: 20

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Filling out Fafsa - Asset Networth Above \$1,600 or Below [#permalink]

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03 May 2016, 07:30
Anybody know how the results in FAFSA will impact if one has assets above \$1,600 (but let's say below \$7,000).

I have blue-chip stock portfolio and a consumer loan (currently interest free for another year). If I liquidate stocks and pay off debt I can bring that balance below \$1,600. However, I do not want to do a fire-sale, especially since I have interest-free debt for another year.

Just curious what would be the impact of FAFSA if I keep it as is, or bring the balance below \$1,600. Suppose no other assets.

Would appreciate any help.

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Current Student
Joined: 30 Oct 2015
Posts: 43

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Concentration: Finance, Technology
GMAT 1: 720 Q44 V44
GPA: 3.22
WE: Engineering (Consulting)
Re: Filling out Fafsa - Asset Networth Above \$1,600 or Below [#permalink]

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03 May 2016, 22:35
ilya49 wrote:
Anybody know how the results in FAFSA will impact if one has assets above \$1,600 (but let's say below \$7,000).

I have blue-chip stock portfolio and a consumer loan (currently interest free for another year). If I liquidate stocks and pay off debt I can bring that balance below \$1,600. However, I do not want to do a fire-sale, especially since I have interest-free debt for another year.

Just curious what would be the impact of FAFSA if I keep it as is, or bring the balance below \$1,600. Suppose no other assets.

Would appreciate any help.

From what I have experienced, your assets do not affect the fafsa unless your school grants need based scholarships but most I have seen are merit based.

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Re: Filling out Fafsa - Asset Networth Above \$1,600 or Below   [#permalink] 03 May 2016, 22:35
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