Lux Investing
is money invested in stocks considered in FAFSA applications to see how much money you will get?
do they take into constideration the money that you have invested in stocks for the prosses of FAFSA to determine how much money you will get?
Public Comments
- I think the question is asked on the FAFSA. The best way would be to visit the site and actually pull up the application see if it asks you. If it is not on there they don’t consider it, but if it is then you have to provide that information and it may be considered in your EFC (expected family contribution) which would be used to lessen your award. I would fill out the application and at the end it states what your EFC is based on your answers. It is up to the school to calculate how much you would be awarded so you would have to wait until they calculate that and send you an ward letter....some schools may be able to give you an estimate. Regardless, if you do not agree with the amount or have a good reason why they shouldn’t consider it (the stocks) then you can file an appeal. I remember one year I made a lot of money but that following Jan I lost my job because the company closed. Well I had to fill out the FAFSA with the previous years income and my EFC was like 4,000. I explained that my situation had changed and I was able to appeal.....of course our situations are different
