There you go. Your fafsa doesn’t count primary home equity at all. And if your parent business is below a certain number of employees, the business isn’t there either. SO. Forget that fafsa EFC…it is meaningless in the context of University of Richmond financial aid.
It is possible that primary home equity is adding some to your family contribution. But I would bet that the real issue is the business, there are deductions allowed by the IRS for tax purposes that are not allowed for financial aid purposes…and those deductions get added back in as income. This could aignificantly raise your family contribution.
Unless you have a firm way to fund the cost to attend Richmond, I don’t see how this is possible.
And again I ask…why wasn’t your matriculation decision made by May 1? Or did you deposit at both schools?