🏫 College Advising

For a dependent student, which of the following assets is generally EXCLUDED when calculating the Student Aid Index (SAI) on the FAFSA?

A Savings accounts held in the student's name
B 529 college savings plans owned by the parent for any child
C The value of the family's primary residence
D UGMA/UTMA accounts owned by the student

✓ Correct Answer: Option C

The value of the family's primary residence is not considered an asset in the SAI calculation for the FAFSA. Other options like savings accounts, 529 plans, and UGMA/UTMA accounts are typically counted.

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