Aid Questions - if Parents Own Corporation?

Paying for College
1

<p>As it stands right now, I have a pretty high EFC of 20000 that I doubt my parents will be able to meet. Though it's about a month away until I receive official letters of acceptance and financial aid packages, I think it's prudent for me to ask such a question now as to avoid disappointment later.</p>

<p>The CSS Profile requests a Business/Farm Supplement, and my parents have 100% ownership of a business. Unfortunately, the company is in debt; and as such, my question is a simple one: do financial aid officers take into consideration both 1040 forms and 1120 forms for the corporations in creating a financial aid package for a student?</p>

2

<p>The business supplement out to show a net worth of the business, not just sales, butdebts & obligations, too, so it should take that debt into account, but the total value can still be considered in calculating your award.</p>