Hi, my husband died 2021 we have 6 children together and 5 of them current receive survivor benefits and i also have safe some of that money in my saving . would i report that ?
Your savings would count. Your children's survivor benefits do not count as income. If they are being saved then the balance in the savings account does count. If the savings account is yours, then the total amount goes on the FAFSA as a parent asset. If each child has their own savings account, then you only put the balance of each student's account on their FAFSA as a student asset. Example: You have $3,000 in savings and each child has $2,000 in savings. On student #1's FAFSA, you enter your $3,000 as a parent asset and student #1 enters their $2,000 as a student asset.
