What Business Owners Need to Know About FAFSA and College Aid
If you own a small business, you may have more flexibility than most families when it comes to qualifying for college financial aid—but only if you understand the FAFSA and CSS Profile rules.
The FAFSA excludes small businesses with fewer than 100 employees from being counted as assets. However, many families voluntarily report too much, or structure their income and asset flows in ways that spike their Student Aid Index (SAI).
Common mistakes include:
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Reporting non-required business value on the FAFSA
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Taking excessive draws or K-1 income during base years
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Listing business assets as personal
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Overlooking CSS Profile rules, which do assess business equity
At Diversified College Planning, we work with business owners to file FAFSA and CSS Profile accurately and strategically, ensuring they protect aid eligibility while staying compliant. We also help business-owning families build realistic college lists based on expected aid outcomes—not assumptions.
Contact Us Today:
Own a business? Let’s make sure it helps—not hurts—your aid eligibility.
📞 Call us at 770-662-8510
📅 Schedule a free consultation: Book with Jarad
Or visit our Contact Page: https://diversifiedcollegeplanning.com/contact-us/
