<p>Is there an online EFC calculator for those of us who own and operate our own businesses? All of the ones I've seen say something like </p>
<p>"If your parents have any percentage of ownership of a business or farm, and/or derive any of their income from self-employment or if your natural parents are divorced or separated, this calculator cannot provide an accurate estimate of your financial need."</p>
<p>Thanks.</p>
<p>If you’re a majority owner of a business that employs less than 100 people, then you do not have to include the value of your business on FAFSA.</p>
<p>Are you looking at the Profile EFC?</p>
<p>For schools that require the CSS Profile, there is a supplemental form called the Business/Farm Supplement. This is required if you own your own business, own a farm or have an interest in a partnership.</p>
<p>Thanks for both replies. I guess we’re gonna fill out both the FAFSA and CSSProfile. Son is only a junior and we’re sure yet where he’ll apply. </p>
<p>We have an S-Corp. H is the sole employee. It sounds like we won’t have to list it on the FAFSA, but will on the Profile. </p>
<p>OK. Thanks.</p>
<p>If my family’s income is about $30,000, but my dad is self-employed and we are submitting the Business/Farm Supplement, does it essentially “increase” our income? </p>
<p>In other words, should we be expecting to pay more than what the EFC calculator indicates (since the calculator doesn’t include our business)?</p>