Financial aid money saved in checking account considered asset when fill out FAFSA?

Of course.
You tell about the entire amount in your account or else it's considered fraud and you'll be fined and sent to jail.

Federal financial help includes the two loans and delivers. in case you got a furnish, that's loose funds that would not would desire to be paid returned. in case you got a private loan, you will would desire to pay it returned; even with the shown fact that the reimbursement would not initiate till 6 months when you graduate or drop under 0.5 time enrollment. Federal financial help is first paid to the college, often in a minimum of two funds. while you're eligible to obtain greater help than you desire on your instructions and fees, you may ask the college to refund you the money for use for residing fees. once you sign the FAFSA, you're testifying to the reality which you will in basic terms use financial help for academic purposes (which could comprise residing fees). faculties at the instant are not required to request data of what you spend your extra financial help on, yet that doesn't advise they gained't. solid success!

yes, however much you have in your account is what you put down.

No.