Do you have to apply to a college before applying for FAFSA?

When applying for EOF or EOP in college, does bank balance matter in the FAFSA form?

  • i want to apply to NJIT, but my parents bank balance is $88,000 and out total income for our house hold (4 members) is $23,000 a year.

  • Answer:

    Yes it matters because the FAFSA will ask how much assets your parents have and that includes savings, checking, and any other bank accounts.

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