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Private & Independent Schools
Reply to "Financial Aid Question "
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[quote=Anonymous][quote=Anonymous]Generally loan proceeds aren't considered income or assets; it would be a liability. And the forms all have places where you can explain anything about your finances. You can explain that you took out a HE loan to do necessary maintenance and improvments on the house. If it's stuff like repairing the roof and fixing major systems, they aren't going to hold that against you.[/quote] This is the answer. Explain it in the available comment area and I doubt they will hold it against it you.[/quote]
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