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College and University Discussion
Reply to "Student Assets and Financial Aid for Med School / Law School"
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[quote=Anonymous] I would appreciate hearing from anyone who can point me in the right direction to understand how a) med schools; and b) law schools figure out financial aid for prospective students in their 20s who took time off after college and worked/lived independently. Specifically, I am interested in whether there is any difference in the expected student contribution if a student has liquid assets (bank accounts/investments) or the same amount of assets that in the form of equity in a condo or other property the student has purchased? Is age 25 or some other age a magic divider line in looking at only student's assets vs. parent assets and, if so, at what point in the year is that age determined (when applied to the school, when starting a semester, something else?). I'll do the confrmatory reserch, but it would be more efficient if someone here already knows and can point me in the right direction. Many thanks in advance for any helpful responses. [/quote]
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