Thumb of Michigan | sand85 - 4/10/2024 19:01
Back 20 years ago under the Expected Family Contribution regime it was something like 75% of the student's income + 15% of the parent's income + 5% of the parent's investment net worth (not exact numbers but something in that range), and you spread it around over however many kids were in college.
I think it still is, just OP mentions "business" which could be a countable (investment) asset. You can make the business less valuable by having debt against it. Whereas a home/farm is not a countable asset. |
Fafsa
