As I look through the FAFSA and other financial aid applications, two critical questions are: 1) How much you have in cash, savings, checkings accounts and 2) How much credit card debt do you have? How much are people putting down as their balances? I have heard that schools like to see little to none in outstanding credit card debt. What is considered high, reasonable, or low? What about cash? Since schools have no way to verify this information, do many ppl underestimate (lowball) their assets? If so, do schools take this into account and "adjust" accordingly to estimate the real cash level? I'm not that lucky to have huge savings to lowball, but am just wondering how schools look at this since the figure looks so prone to abuse....??