Maximize 2024-2025 FAFSA: current net worth of businesses and investment farms
Navigating the FAFSA (Free Application for Federal Student Aid) can be complex, especially for families with farm assets. The 2024-2025 application process includes a significant change: the inclusion of your farm's current net worth in the financial aid calculation. This guide provides a step-by-step approach to accurately report your farm's value and maximize your chances of receiving financial aid. Understanding the 2024-2025 FAFSA Changes The most significant change for 2024-2025 is the consideration of your family's current net worth, including the value of business and farm assets....