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[Chris Maher]

I have some questions on filling out the parent's assets section of FAFSA.
Hopefully someone can help here.

(1) I have loaned money to my business. Should that loan be included as an
Investment in question 82 - Net Worth of Investments?

(2) How does one determine the net worth of the business for question 83? I
read that this should be what the business would sell for less debts where the
business was collateral. Are there any guidelines for how to value the
business? Should the above mentioned loan to the company be subtracted from
the value of the business?

(3) How can the value of a business be considered an asset for determining
financial aid purposes? I certainly wouldn't be expected to sell the business
to pay for college, would I?

Thanks,

Chris

[Steve Blank]

Chris,

Because of other info that needs to be determined, and possible
complexity, this is the not the type of question I would handle publicly.

Email me directly if you wish.

--
Steven B. Blank
College Financial Aid Consultants
29 Ives Hill Court
Cheshire, CT 06410
(203)250-7761


Chris Maher wrote: