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College and University Discussion
Reply to "Affording College with HHI $100-$200k"
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[quote=Anonymous]Chances for aid decrease to zero if you own any rental properties. Lower chances if you own your own business too, or at least it complicates things. Add in money saved in 529 or other non retirement savings at 6% available, so that's not too bad. Schools consider 50% of student assets as available, so careful what grandparents gift them. Different schools have different calculations for primary home equity. Some have a cap. Some schools regard contribution to retirement accounts as a available, but depending on age of parents. Best to run the NPCs. The most prestigious schools will give the most need based financial aid at this income, part of why they get so many applications.[/quote]
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