S 469
Family Farm and Small Business Exemption Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 8:59 AM
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill aims to restore an exemption for family farms and small businesses when determining eligibility for federal student aid. Currently, the FAFSA considers the net worth of these businesses as an asset when calculating a student's financial need. This legislation would exclude the net worth of family farms and small businesses (with fewer than 100 employees) from this calculation, effectively reversing a change made in 2024. It seeks to ensure that these businesses and their students are not unfairly penalized in the financial aid process.
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