<p>Just to be clear, I’m not talking about the 10th grader who develops software in his spare time and is already making $100+k/year. I’m talking about the kid with a lemonade stand - maybe he has an online business selling clothing and ends up netting a $1 - 2k/year, about the same as what he’d make from a part-time job. </p>
<p>But the value of the business would include both equipment (expensive sewing machines) and unsold inventory. So if it gets declared on FAFSA and Profile as a student-owned business, that business value becomes a student asset . . . doesn’t it? Meanwhile, Suzie next door makes her own clothes, owns the same expensive equipment, but doesn’t have to declare it because she’s not a business owner.</p>
<p>So what does the student small-business owner do?</p>