Reply to Brown eliminates tuition for families up to $125K and removes home equity in the FA equation

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Home equity should be included over $400-500k.   If a family has a million dollar house it should be included.  [/quote]

I disagree - no one should have to sell their house or take out a second mortgage (and risk losing their home) to pay for a child's college.  Further, just because a house is owned and paid for doesn't mean that the persons living in the house haven't fallen on harder times and/or make less than they did when they bought the house - AND with home prices and "equity" increasing because of the housing shortage - it's really speculative whether that equity will materialize should the house be sold one day - and then what do you do with a second mortgage that can't be paid off by the sale of the house?

Good for Brown - my kid has no interest and/or couldn't get in - but it's a good first step.    I personally wish that the Ivies would increase enrollment by 25-50% for those who wish to go to an Ivy - they know that there are enough smart/interesting kids to fill the seats - and they have the endowments to expand.  They are just creating artificial scarcity for the sake of exclusivity.  [/quote]

If you make a choice to spend one mil,ion on a house vs 600k then yes.   A reasonably priced house, no.  But when you overspend and choose not to save you should not be rewarded vs another family who saved with the same income.  [/quote]

Agreed...no one should be able to like in a mansion and collect financial aid!  In terms of increasing enrollment, it is hard in terms of space on campus.  There has to be more housing/dining halls/study spaces/class rooms/offices/parking.  How many schools even have enough space to increase 50%?[/quote]

Most schools could increase enrollment but then it gets too large and the quality lessons.  Sometimes bigger isn't better.  There are plenty of slots at colleges.  You don't need to go to an IVY to be successful.[/quote]

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