Asset Information Worksheet - 2015-2016 (Page 2 of 2) in pdf

Instructions for Questions #2 and #3 on the front of this form:

(Notes for questions 42, 43, 91 and 92 on FAFSA Application)

#2 Net worth means current value minus debt. If net worth is negative, enter 0. Investments include real estate (do not include

the home you live in), trust funds, UGMA and UTMA accounts, money market funds, mutual funds, certificates of deposit,

stocks, stock options, bonds, other securities, installment and land sale contracts (including mortgages held), commodities,

etc.

Investments also include qualified educational benefits or education savings accounts (e.g., Coverdell savings accounts,

529 college savings plans and the refund value of 529 prepaid tuition plans). For a student who does not report parental

information, the accounts owned by the student (and/or the student’s spouse) are reported as student investments in

question 41. For a student who must report parental information, the accounts are reported as parental investments

including all accounts owned by the student and all accounts owned by the parents for any member of the household.

Investments do not include the home you live in, the value of life insurance, retirement plans (401[k] plans, pension

funds, annuities, noneducation IRAs, Keogh plans, etc.) or cash, savings and checking accounts already reported in the

previous question.

Investments also do not include UGMA and UTMA accounts for which you are the custodian, but not the owner.

Investment value means the current balance or market value of these investments as of today. Investment debt means

only those debts that are related to the investments.

Business and/or investment farm value includes the market value of land, buildings, machinery, equipment, inventory,

etc. Business and/or investment farm debt means only those debts for which the business or investment farm was used as

collateral.

Business value does not include the value of a small business if your family owns and controls more than 50 percent of

the business and the business has 100 or fewer full-time or full-time equivalent employees. For small business value, your

family includes (1) persons directly related to you, such as a parent, sister or cousin, or (2) persons who are or were

related to you by marriage, such as a spouse, stepparent or sister-in-law.

Investment farm value does not include the value of a family farm that you (your spouse and/or your parents) live on and

operate

Asset Information Worksheet - 2015-2016 Page 2