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Asset Information Worksheet Parent

Asset Information Worksheet Parent

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hi I'm Anne Garcia as the college financial lady and author of P to pay for college I've helped thousands of families save millions of dollars on college today I'm going to talk about assets on the FAFSA with the new simplified FAFSA formula that comes out December 31st of 2023 so assets haven't changed a whole lot but a couple changes could be meaningful to to some people all of the parents non-retirement assets are reported on the FAFSA so that includes your checking account your savings account um any taxable investment you have but one big change is instead of reporting all of the families 529 so all the 529s owned by the parents only the students 529 gets reported on the FAFSA so any siblings who have 529s that doesn't that doesn't get included so that's a really nice benefit for families with multiple children especially because the new formula is no longer dividing by the number of students in in college so for 529s on the

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