Help! My father is self employed!

costofcollege
Tue, 06 Jan 2009 12:04:20 +0000

Regarding the FAFSA, if you own a busines with 100 employees or less than the value of the business does not have to be reported on the FAFSA.

Regarding the Profile, they will ask your Dad to complete a business questionnaire. If the business which he owns is as you described, the value would include buildings (sounds as if this is not applicable in your case), equipment, cars, trucks, etc. If he has little or none of these then the value of the business is the owners good will.