FAASTA.E State Assistance Authorization (STAA) : 05 State Assistance Types of Unearned Income - Overview : Q State Assistance Types of Unearned Income - Mortgages and Sales Contracts
Q State Assistance Types of Unearned Income - Mortgages and Sales Contracts
The interest amount of the payment received by the participant for a mortgage or sales contract is COUNTABLE.
 
NOTE The payment amount that is applied to the principal is considered a resource. (See Mortgages, Resource)
 
Key the gross converted income in the UNEARNED OTHER INCOME field on STAA. (See Budgeting Income)