Assets and the FAFSA

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
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JetstoRJC
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Joined: Wed Jul 22, 2009 11:45 pm

Assets and the FAFSA

Postby JetstoRJC » Sat Jan 30, 2010 9:14 pm

We have a family business that is run through a couple of LLC's and I was previously told I needed to disclose the worth of the LLC's as assets on the FAFSA. I also have been told there is an exception for small businesses so I don't need to include the LLC's on the FAFSA. Anybody have any idea as to whether or not I have to include their value when filling out the FAFSA?



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