<p>The ranch and any business financials associated with it WILL be reported to the Profile schools. And Profile schools often add back in business expenses. So while your AGI for FAFSA purposes is in the negative range (and therefore $0), this may not be the case for Profile schools. </p>
<p>If you had income from the ranch or business and expenses associated with that, that netted you that negative AGI, you need to be aware that some of those business expenses “can” be added back in by the Profile Schools. In the end, they may not calculate your AGI income as being $0.</p>
<p>Did you have earned income in 2010? That amount is likely going to be considered by the Profile schools. Your business losses might discount that and they might not for Profile schools…these schools have varying policies on this.</p>
<p>And again…if you go FAFSA only, please remember that the MAXIMUM financial aid your student receives will not cover the cost of a four year residential college. It’s just not that much money. The federally funded aid definitely won’t cover the costs at a private expensive college. Again…not enough.</p>