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If your family owns more than 50% of this business and it has less than 100 employees, this asset is NOT counted for FAFSA EFC, and you should put $0 on the form where it asks that question.</p>
<p>It will be counted for CSS.</p>
<p>I was just reading this thread and realize that now with the cost of the most expensive colleges exceeding $50K and encroaching the $60K mark, someone with two kids in college (like I will in a couple of years) with a 99999 efc can qualify for aid since the cost will exceed $100K. Scary.</p>
<p>Yeah, but most colleges won’t give you aid anyway, except for the ones that are super-generous right now. </p>
<p>Qualifying for a Pell Grant is nice, but I’d take an income that generates $100K EFC any day.</p>
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<p>Unlikely…the maximum EFC is $99,999…so your REAL information would be viewed by the colleges that use the FAFSA to award their institutional money…none of these meets full need (except possibly Chapman in CA).</p>
<p>Remember the FAFSA determines your eligibility for federally funded need based aid ONLY. Some schools do use the INFORMATION on it to compute how to award institutional need based aid, but these schools do not meet full need for all admitted students. With an EFC of $99,999 it is highly unlikely you will see ANY aid other than a unsubsidized Stafford loan (or merit aid…but that doesn’t rely on the FAFSA).</p>
<p>True…the person’s real EFC could be $100k+ which will get revealed with a CSS Profile.</p>
<p>And, even if some family did have a combined $99k CSS EFC with 2 children ($5k of need each at a $55k COA schools), it’s unlikely going to mean getting any free money. That “need” would likely get covered with work-study and student loans.</p>