That’s actually correct, we just went through FAFSA for our kid. It’s based off the last taxes filed which would be 2023 since all of this needs to be done before the 2024 filing deadline.
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For stocks and stuff (like bank accounts) it asked for current estimate as of the moment you are filling out the form. I did it the day before payday so our bank accounts were a lot lower than they would have been 24 hours in future! 😂🤷🏻
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