Small Business Owner Exclusion for Financial Aid Restored

October 10, 2025
small business owner exclusion

  The small business owner exclusion is back. The One Big Beautiful Bill Act (OBBBA) reversed a change made in the FAFSA simplification act, by reinstating the small business owner exclusion as part of the federal financial aid formula on the FAFSA. Beginning with any new FAFSA’s completed for the 2026-27 school year, the value…

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