VERIFICATION OF BUSINESS VALUE
2020-2021
Student’s Name:______________________________ USF ID or SSN:______________________________
To complete your application for financial assistance, additional information is needed. Your family reported on the 2018
Federal IRS Income Tax Transcripts a Business Income or Loss (Schedule C, CZ or F). Please feel free to contact
Financial Aid Services if you have any questions regarding this information.
Please answer the following question:
Is this business family owned and controls more than 50 percent of the business and the business has 100 or
fewer full-time or full-time equivalent employees? Yes No
If yes, sign and date the form below and return it to our office.
If no, the value of this business needs to be confirmed for verification purposes. Complete steps below:
1. Complete the section below regarding the Business Net Value (Business Value minus Business Debt) as of
the day the Free Application for Federal Student Aid (FAFSA) application was submitted.
Business Value: $___________________
Business Debt: $___________________
2. A written explanation of the tax return information is required. Provide a description of the Business in
the Explanation section below. Be sure to only report your family’s portion of this asset.
3. If there is no value or debt to report, enter zeros below and provide a written explanation below. Sign and
date the form below and return it to our office. Contact our office if you have any questions regarding this
information.
Explanation:_______________________________________________________________________________________
__________________________________________________________________________________________________
__________________________________________________________________________________________________
__________________________________________________________________________________________________
__________________________________________________________________________________________________
I/We certify the above information to be true and correct to the best of our knowledge.
_________________________________________ ____________________________
Student’s Signature Date
_________________________________________ ____________________________
Parent’s Signature Date
Please return the completed form to:
Financial Aid Services
500 Wilcox Street Joliet, IL 60435 | finaid@stfrancis.edu
(815) 740-3403 | Toll-free: (866) 890-8331 | Fax: (815) 740-3822
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