How Important Are Business Assets On The FAFSA?
Prepare For College, LLC · Chuck Moore, CCFC, Al Hoffman, CCA and Gary Carpenter, CPA, CCA
Audio is streamed directly from the publisher (content.rss.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Business assets can be important on the FAFSA (Free Application for Federal Student Aid), but how much they affect financial aid eligibility depends on a few key factors.
Business assets might include real estate owned by the business, inventory, equipment, vehicles, and other property. You do not count the value of personal assets, like the family home (unless it's owned by the business). Large business assets can significantly increase your Student Aid Index (SAI), potentially reducing your financial aid.