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Reply to "People with $1.2M+ homes and getting significant financial aid"
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[quote=Anonymous][quote=Anonymous]Assuming this is in reference to the DMV area, some of you seem woefully misinformed about what $1.2 million gets you around here. And many people bought their homes years ago for much less and they have increased in value. That doesn’t the owner has a liquid asset to use towards tuition payment. As a result, primary home is exempt for all sorts of programs, even SNAP and Medicaid. https://redf.in/4ivIWx https://redf.in/IZ43Rp https://redf.in/kGR6ZY [/quote] +1. Some of the posts here sound like the grandparents from middle America who are footing the tuition bill, rather than the parents living in the DMV who wouldn’t be fazed by a $1 million home in the slightest. $1 million would get you a crappy duplex in a lot of parts.[/quote]
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