Updating my FASFA

Paying for College
1

<p>I was trying to update my FASFA earlier, it looks like my parents are reporting their business value. I did not realize that I was not suppose to report my parent's business value since they own a small business with less than 100 employees.</p>

<p>Where it says: "On the day you submitted your FASFA, what was the net worth of your parent's current business?" Would I set it to $0.00? Right now I have it set to $100,000. Also, will this correction help me get more financial aid?</p>

2

<p>Assuming what you say is true, then you are correct to set the value to $0.</p>

<p>It may lower your EFC, but a lower EFC does not necessarily translate into more aid. It may result in a higher unmet need.</p>