[Oasfaa] Trust Funds

[Mc Conahay, Pamela K.]

Sharon,

The trust does factor into the investments on the FAFSA, there's an
example of your situation in the 2006-2007 Application & Verification
Guide, Chapter 2 page 21.  



Pam McConahay 
Assoc. Dir., Compliance, Training & Lender Relations 
University of Oklahoma Financial Aid Services 
1000 Asp Avenue, Room 216 Norman OK 73019-4078
(405) 325-4617  Fax (405) 325-7608 
pmcconahay at ou.edu 

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-----Original Message-----
From: oasfaa-bounces at lists.onenet.net
[mailto:oasfaa-bounces at lists.onenet.net] On Behalf Of Sharon Newton
Sent: Monday, June 26, 2006 11:55 AM
To: oasfaa at onenet.net
Subject: [Oasfaa] Trust Funds

Can anyone tell me how your school handles trust funds?  When a parent
is a beneficiary of a trust fund and the interest has been accumulating
but not paid out, does the parent report the interest under investments
on the FAFSA?

Thanks,
Sharon Newton



Sharon Newton
Financial Assistance Counselor
snewton at snu.edu
(405)491-6310