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College and University Discussion
Reply to "Financial aid and merit aid"
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[quote=Anonymous][quote=Anonymous]I have been playing around at schools DS will apply to in the fall. Are those calculators pretty accurate? I haven't filled out FAFSA yet but will when it opens up. Two questions, if anyone knows. Do they take into consideration your home equity? It is the ONLY asset I have and owned my DC home since 1992 and never taped into any equity and not sure I should for college. Second, how does it work when their is NO other parent? Like Dad doesn't exist. Will they assume he has a dad and that dad can contribute? We haven't been in touch with him since birth (no child support, etc). Child has my last name. Is this something I have to prove during he FAFSA (not sure I'm spelling it right)? Thank you for anyone who can help![/quote] Many privates will require the CSS Profile in addition to the FAFSA. Some schools count home equity, some don't. Some schools, usually those that require the CSS Profile, will require a waiver to avoid providing financial info from noncustodial parent (if the dad is alive, then the dad exists). Look into whatever is involved with the noncustodial parent waiver - I'd start by googling, because there may be various helpful internet articles on this topic.[/quote]
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