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The Small Business Owner’s Guide to College Funding If you own a small business and your child is college-bound, you have two solid strategies you can use to cut the cost of college Make sure you do your due-diligence with your tax advisor and contact us if you’d like to discuss further ways to save on the cost of college!
Paying for College: Own a Business - Forbes Not just financial aid is at stake Families that have both businesses and college-age kids are in line for some interesting tax advantages—and some opportunities to give their kids work
Completing the FAFSA® for self-employed or small business owners She joined Going Merry as Head of Growth, to help make that college process a little less stressful Charlotte holds a BA from Stanford and a MPP from Oxford—degrees both funded by scholarships
College Funding Strategies for Business Owners - OnPath Financial As a business owner, you have unique college planning opportunities If you are in a high tax bracket, it may be advantageous for you to shift assets or income to your child, who will typically be in a lower tax bracket
FAFSA change for small business owners - College Inside Track On the revised FAFSA, the net worth of any small business or family farm is reported as an asset on the FAFSA Depending on the value, this could significantly reduce the ability of certain families to qualify for need-based aid
Business Owners Have a Big Advantage When Paying For College Small business owners have some unique advantages when it comes to lowering the cost of college, often by thousands of dollars a year The big drivers in determining college costs are income and assets
How Financial Aid Works As the largest provider of financial aid, we provide grants, loans, and work-study funds Grants are funds that do not have to be repaid A loan is money you borrow and must pay back with interest A work-study job gives you an opportunity to earn money to pay your educational expenses
For Parents Who Are Business Owners - Parros College Planning Tim helps these business owners to reposition their income and investments assets into a category that is non-assessable This allows his clients to reduce their Estimated Family Contribution (EFC) for their family, allowing their children to qualify for more need base aid, or merit based aid