Let's say I have $19,000 combine in savings and checking but $8000 in credit card debt.
The form asks for savings/checking. Do I have to enter the $19,000 or could I maybe get away with $11,000 and be OK or are these audited heavily which would result in false information provided?
It's not that I want to falsify information, it's just I don't want to lose out on aid because I built up a savings for emergency over the years and paying off the CC debit when the 0% APR runs out.
If they are heavily audited then I would just pay off the CC and hope that the difference results in a better FAFSA grant.
I've completed the following(below) and I've sent these off before to other schools and this is the first school I've seen request assets so I'm not sure if this is the end of verification or not.
Copy of Student's 2015 IRS Tax Return Transcript
Online Federal Verification Worksheet-Student