🏫 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.

💡 Why is C) the correct answer?

The correct answer to the question "For a dependent student, which of the following assets is generally EXCLUDED when calculating the Student Aid Index (SAI) on the FAFSA?" is Option C: The value of the family's primary residence.

The other options — A) Savings accounts held in the student's name, B) 529 college savings plans owned by the parent for any child, D) UGMA/UTMA accounts owned by the student — are incorrect for this College Advising question. As explained above: 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 count…

📚 About This College Advising Practice Question

This 2-level College Advising question from the Financial Aid & Scholarships topic is part of BrainForge Quiz's free exam preparation library. Each question includes the correct answer and a detailed explanation to help you understand the underlying concept, not just memorize the answer.

How to use this page: Read the question above, consider all four options (A through D), then check the highlighted correct answer and explanation. For active timed practice, start a free College Advising practice test or use flashcards for spaced repetition review.

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