FAFSA- savings/investments under small business corporation

Paying for College
1

<p>Looking towards the Jan 01, 2015 filing of. FAFSA for Fall 2015 Freshman. I have to go and devour the regs and info, but did I read that small business asserts...including savings/investments?.... are not included in parent assets? </p>

2

<p>If it is a family business with less than 100 employees, the business assets do not count for FAFSA purposes (that is, for federal aid). Profile schools and schools with their own financial aid forms (or those that collect tax info from all students) often will consider the business information when packaging institutional aid.</p>

3

<p>Perfect. Yes we have 93 less than 100 so we are good to go! D is only looking at schools with just the FAFSA so I am trying to get as much prepared ahead of time as possible. Thanks for the information. Any suggestions on the best site to find understandable info on the regulations and requirements? </p>

4

<p>This site! Ask your questions, get suggestions, advice, answers.</p>

5

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<p>Here’s a link to a fairly detailed guide on completing the FAFSA:</p>

<p><a href=“https://studentaid.ed.gov/sites/default/files/2014-15-completing-fafsa.pdf”>https://studentaid.ed.gov/sites/default/files/2014-15-completing-fafsa.pdf&lt;/a&gt;&lt;/p&gt;

6

<p>Here is the current FAFSA formula. You can print it out and work through it on paper. There may be some changes between now and January 1, but this should give you a good estimate. <a href=“http://ifap.ed.gov/efcformulaguide/attachments/090214EFCFormulaGuide1516.pdf”>http://ifap.ed.gov/efcformulaguide/attachments/090214EFCFormulaGuide1516.pdf&lt;/a&gt;&lt;/p&gt;