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41. As of today, what is your (and spouse’s) total current balance of cash, savings, and checking accounts? Don’t include student financial aid.

Why are they asking this information?

This question asks for the most current amount of cash in your checking and savings accounts on the day you file the FAFSA. If you’re married, it asks you to combine your current amount with your spouse’s holdings in their checking and savings accounts and report it.

How to answer this question / fill out this section

Even though you are also reporting past tax return figures, the FAFSA gathers more current information, such as the answer to this question. to gain insight into your current financial situation. Even if your total balance of these sources is zero, you will still enter a zero.

John Haggerty lives in Philadelphia and is currently employed at Swarthmore College, located in the suburbs of Philadelphia, and comes in ranked #4 in the 2017 edition of Best Colleges in National Liberal Arts Colleges. He has 8 years experience in financial aid. John loves working in higher education knowing that he might play a small part in helping students along their path through college and into the world.

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