2.5 million in assets, $1.25 mil in debt...$-400,000 in AGI. Help!

Paying for College
9

<p>Negative income can be entered, and net parent contribution is set to zero if adjusted available income (AAI) is negative. The way I read this is that AAI is the sum of contribution from assets and contribution from income, so if income + assets < 0, the parent contribution is zero.</p>

<p><a href=“http://ifap.ed.gov/efcformulaguide/attachments/111408EFCFormulaGuide0910.pdf[/url]”>http://ifap.ed.gov/efcformulaguide/attachments/111408EFCFormulaGuide0910.pdf&lt;/a&gt;&lt;/p&gt;

<p>Lines 25-26 of worksheet A.</p>

<p>AVAILABLE INCOME (AI) (from line 15) <strong>-400000
CONTRIBUTION FROM ASSETS (from line 24) + __</strong>70000
25. Adjusted Available Income (AAI)<br>
May be a negative number. = _<em>-330000
Total parents’ contribution from AAI _</em>_0
(Calculate using Table A6.) If negative, enter zero.</p>

<p>Of course all of this is moot if the net worth of the ranch is not reported.</p>