2025-2026 Assets Form

2025-2026 Assets Form
- Independent students need to answer questions about their assets and their spouse's assets if applicable. The student must sign this form.
- Dependent students and their parent(s) listed on the FAFSA must answer all questions. The student and parent(s) signature are required.
If you need assistance with this form, contact Mid Michigan College Financial Aid by calling (989) 386-6664 or emailing finaid@midmich.edu.
Student Name*

First NameLast Name
Mid Michigan College Student ID Number*
You can find your Student ID Number on your Mid Michigan College Student ID Card or in myMid.
Student Email Verification

To complete and submit this form, you must verify your Mid Mich Email.
Enter Your Mid Mich Email*
You MUST provide a Mid Mich Email so that we can verify your identity. Other emails will not be accepted and you will be unable to complete this form.
ERROR The email you entered is not a Mid Mich Email. In order to complete this form, you must enter a Mid Mich Email so we can verify your identity.
Re-enter your Mid Mich Email for verification, Click 'Verify Email', and follow the directions.*
Student Status

If you are a dependent, you'll need to complete the rest of this form with your parent(s).
Are you completing this form as a dependent or independent student? You would have filed your FAFSA in the same manner.*

DependentIndependent
Parent Email
You MUST provide a valid Parent Email, that is different from the Student's Mid Mich Email so that we can verify your parent's identity. In order to complete this form, the above requirements must be met.
ERROR The email you entered is the same as the Student's Mid Mich Email. In order to complete this form, you must enter a valid email that is different from the Student's Mid Mich Email so we can verify your parent's identity.
Re-enter your Parent Email for verification, Click 'Verify Email', and follow the directions.*
Parent Name*

First NameLast Name
Asset Information

Open this section to view definitions and descriptions of what investments include and do not include.
Investments include real estate that you do not live in, rental property, trust funds, UGMA and UTMA accounts, money market funds, mutual funds, certificates of deposit, stocks, stock options, bonds, other securities, installment and land sale contracts, and commodities.

Investments can also include qualified educational benefits or educational savings accounts (e.g., Coverdell savings accounts, 529 college savings plans, and the refund value of 529 prepaid tuition plans). For a student who does not report parental information, the accounts owned by the student (and/or the student’s spouse) are reported as student investments on the FAFSA. For a student who must report parental information, the accounts are reported as parental investments on the FAFSA, including all accounts owned by the student and all accounts owned by the parents for any member of the household.

Investments do not include the home you live in, the value of life insurance, retirement plans (401[k]plans, pension funds, annuities, non-education IRAs, KEOGH plans, etc.) or cash, savings, and checking accounts already reported elsewhere on the FAFSA.

Business and/or Investment Farm Value includes the market value of land, buildings, machinery, equipment, inventory, etc. Business and/or investment farm debt means only those debts for which the business or investment farm was used as collateral.

Business Value does not include the value of a small business if your family owns and controls more than 50 percent of the business and the business has 100 or fewer full-time or full-time equivalent employees.

Investment Farm Value does not include the value of a family farm that you live on and operate.

Investment Values
As of today, what is the total current balance of your/your spouse's (if applicable) cash, savings, and checking accounts? (Do not include student financial aid.)*
As of today, what is the net worth of your/your spouse's (if applicable) investments, including real estate (not your home)? (Net worth means current value minus debt.)*
As of today, what is the net worth of your/your spouse's (if applicable) current businesses and/or investment farms?*
As of today, what is the total current balance of your parent(s)' cash, savings, and checking accounts? (Do not include student financial aid.)*
As of today, what is the net worth of your parent(s)' investments, including real estate (not your home)? (Net worth means current value minus debt.)*
As of today, what is the net worth of your parent(s)' current businesses and/or investment farms?*
Student Signature*

Clear
Date*

MonthDayYear
Parent Signature*

Clear
Date

MonthDayYear
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2025-2026 Assets Form

Student Email Verification

Student Status

Asset Information