S. 469In Committee
Family Farm and Small Business Exemption Act
Restores a FAFSA asset exemption for family farms where the family lives and family-owned small businesses with up to 100 employees when calculating federal student aid eligibility
Plain-English overview
What this bill does
Restores a FAFSA asset exemption for family farms where the family lives and family-owned small businesses with up to 100 employees when calculating federal student aid eligibility
Key points
- Restore FAFSA asset exemption
- Exclude family farm net worth
- Exclude small business net worth
Current status
Where it stands
Status
In Committee
Latest action
2025-02-06 — Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Related context
Topics and policy areas
undefinedEducationGovernment lending and loan guaranteesRural conditions and developmentSmall businessStudent aid and college costs