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[FAFSA®] Does the FAFSA® include assets like the value of my home?

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Written by Eleanna Garcia
Updated over a week ago

No. The FAFSA® never asks about the value of your home (the one you primarily live in), and it is not included in calculations of your (or your parents’) net worth. Only secondary properties (which are seen as “investment” real estate) are included in your net worth.

This is generally a good thing for families because it means your ability to pay for college will be lower (and therefore, you are eligible for more financial aid). The reason the FAFSA® doesn’t ask you about your home value is because it is seen as irrelevant; the government doesn’t want you mortgaging your house to pay for college. Also, sometimes people buy their house for a lower price and then it becomes worth a lot more; in this case, your current house price is not indicative of your actual ability to pay for college.

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