<p>Whether it should change or not, it’s valid now. There are a long list of things that should change. </p>
<p>However, there are special rules about business accounts not just for FAFSA but for tax and liability purposes. That’s why there are business accounts. To set one up and then jump the money around to your personal accounts can lose you that protection as it can no longer be clear which is which. Not worth it for the $100. Reminds me of my MIL as her dementia was setting in, moving her money around to get a toaster, plaid blankets, and other gifts. Sheesh.</p>