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I'm filling out FAFSA for graduate school and wonder how I should classify the money I loan to a friend.

It's a big amount (~ $10,000) and was transferred informally, i.e. I just cut him a check with a written document between us.

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Technically it's an asset - a note you hold and your friend promised to repay you.

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  • Yep. Note that if it was large enough to be running into Gift Taxes you'd want to be a lot more formal about this.
    – keshlam
    Commented Jan 21, 2016 at 13:18
  • If I need to provide supporting document to show this, what kind of document can I use?
    – Heisenberg
    Commented Jan 21, 2016 at 15:27
  • That written document. And repayment statements, probably.
    – littleadv
    Commented Jan 22, 2016 at 2:09

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