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Private & Independent Schools
Reply to "FA shouldn't go to people with 1 million dollar houses"
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[quote=Anonymous]The person with 700k equity cannot have 700k equity and still qualify for FA. It isn't possible. So either the equity is somehow not touchable (the house is not in their name perhaps), has additional encumberances as mentioned by PP (like mortgages you don't know about or a tax lien or something), or the value and numbers are not as you say. or the person with the supposed equity is not disclosing their assets and is subject to losing all their aid for lying/being proecuted for tax fraud/etc. [/quote]
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