<p>[FinAid</a> | Financial Aid Applications | Small Business Exclusion](<a href=“http://www.finaid.org/fafsa/smallbusiness.phtml]FinAid”>http://www.finaid.org/fafsa/smallbusiness.phtml)</p>
<p>Read the info on rental properties. Notice that if the Schedule E is filed, the property is listed as an asset on the FAFSA. This does not mean that filing a Schedule C means it doesn’t have to be listed as an asset, though. Remember that the value of the is the market value of the property less any outstanding mortgage amount owed on the property.</p>