🏫 College Advising

Which of the following assets owned by a dependent student's parent is generally *not* included in the calculation of the Student Aid Index (SAI) on the FAFSA?

A Current balance in a checking account.
B Market value of a family farm on which the family lives and operates.
C Value of a 529 college savings plan owned by the parent for any child.
D Value of investment properties not used as the primary residence.

✓ Correct Answer: Option B

For FAFSA purposes, the value of a family farm or small business that the family lives on and operates is generally excluded from asset calculations.

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