Reply to Brown eliminates tuition for families up to $125K and removes home equity in the FA equation

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[quote=Anonymous][quote=Anonymous]Home equity should be included over $400-500k.   If a family has a million dollar house it should be included.  [/quote]

I disagree - no one should have to sell their house or take out a second mortgage (and risk losing their home) to pay for a child's college.  Further, just because a house is owned and paid for doesn't mean that the persons living in the house haven't fallen on harder times and/or make less than they did when they bought the house - AND with home prices and "equity" increasing because of the housing shortage - it's really speculative whether that equity will materialize should the house be sold one day - and then what do you do with a second mortgage that can't be paid off by the sale of the house?

Good for Brown - my kid has no interest and/or couldn't get in - but it's a good first step.    I personally wish that the Ivies would increase enrollment by 25-50% for those who wish to go to an Ivy - they know that there are enough smart/interesting kids to fill the seats - and they have the endowments to expand.  They are just creating artificial scarcity for the sake of exclusivity.  [/quote]

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