<p>The principle pretty much is that any moving around of assets you do in your basis year (2011 for 2012-13 aid decisions) is not going to help.</p>
<p>The good news is that for FAFSA-only schools, as long as your husband employs less than 100 people, the business assets are disregarded. (There are adjustments to income for business owners and self-employed, however.)</p>
<p>HOWEVER, and it’s a BIG HOWEVER, at CSS PROFILE schools, they can, and often do, look at some of the assets of a small business as available for supporting a kid in college. Since every CSS PROFILE school uses its own, “institutional” methodology, their policies will vary.</p>
<p>See <a href=“Your Guide for College Financial Aid - Finaid”>Your Guide for College Financial Aid - Finaid; for details on FAFSA exclusion.</p>