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[quote=Anonymous]I have a question about my families' ability to qualify for aid. Our HHI is about 200k, we both work for DC government and don't expect our salaries to increase any time soon. We can only afford to live in DC because a home was passed down to us from our grandparent however the home needs major improvements upwards of 350k or more. It has not been renovated since the 1980's. Currently there is no mortgage on the home and we want to take a home equity loan out to cover the renovations. My question is will we be able to earmark the cash that comes from the loan for home improvement and it not look like this money can be used towards tuition payments. The other option is to wait on taking the loan out but then my family will appear to be able to pay more tuition and we need to renovate our home before it becomes inhabitable. [/quote]
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