How to Answer FAFSA Questions #38-39 Student & Spouse’s Investments / Businesses

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38. As of today, what is the net worth of your (and spouse’s) investments, including real estate? Don’t include the home you live in. See Notes page 9.

$__ , __ __ __ , __ __ __

39. As of today, what is the net worth of your (and spouse’s) current businesses and/or investment farms? Don’t include a family farm or family business with 100 or fewer full-time or full-time equivalent employees. See Notes page 9.

$__ , __ __ __ , __ __ __

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Application Deadline: September 30, 2023

Why are they asking this information?

These questions hope to capture a snapshot value of your (and your spouse’s) assets to help determine your financial award.

How to answer this question / fill out this section

In successive order, you will report the current total of your cash-in-hand, and totals of your checking and savings accounts.
Next you will report the total value of your (and your spouse’s) total investments. To do this, you will add the current value of all investments, subtracting any debts currently owed on them.
Lastly, you will do the same for the current value of all of your (and your spouse’s) businesses and/or farms, subtracting any debts owed on them.

Note: For any of these values, if the final total number is negative, enter a “0.”