BCP - Financial Worksheet

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