Financial Worksheet
If the family would like an evaluation of the likelihood of qualifying for need-based financial aid, it will be necessary for them to organize family income and asset information. This worksheet is designed to collect such information. If the parents prefer to keep their financial data confidential, there will be the opportunity to do that when registering for a parent account.
This basic financial worksheet should be sufficient to run my need-calculator program. If your family has a more complicated financial situation (e.g., your parents are the owners of a farm or business), we should discuss your situation, as more data may be required to properly run the need-calculator program.
Note: If the parents are separated or divorced, the FAFSA only asks for information from the parent with whom the student lives with for the majority of the year. If the student is applying to a college that uses PROFILE, it is likely that the non-custodial parent will need to submit additional information.
Family Information
Parent’s Marital Status Married (Circle Choice) Separated
Divorced
Widowed
Deceased
Students in College Enter the number of dependent children, including this student, who will be in college at least ½ time when the student is a freshman.
Name Member Age
Income & Allowances Parent Student
Estimated or actual Adjusted Gross Income
Earnings from Work N/A
Parent # 1 income from work N/A
Parent # 2 income from work N/A
Untaxed Income/Benefits
Other Income N/A
Child Support Paid N/A
Education Tax Credits
Work-Study Earnings N/A
Total U.S. Income Tax
Medical/Dental Expenses
Current Assets Parent Student
Cash, Savings, & Checking
Investments & Other Real Estate Do not include retirement savings or value of primary residence
Educational Savings Accounts List all 529 and Coverdell accounts owned by the parents for N/A the student and other members of the household
Home Equity Market value minus mortgage for primary residence
Trust Value N/A
Total Value of Sibling Assets N/A