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College and University Discussion
Reply to ""Typical Assets" as considered by University Financial Aid departments"
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[quote=Anonymous][quote=Anonymous]What do you consider middle class? How much did you pay for your house? Middle class is not $150K for one parent a year.[/quote] Other than providing fodder for a digressive argument, do any of the answers to your questions really matter? The OP asked about how colleges calculate assets. Viewing this as a practical question, I tried to provide an answer addressing the home-equity component, which is often the largest variable is asset calculations. For us, home equity was an X factor in determining whether we could afford a given college. So I ran dozens of NPCs, spoke to financial aid officers, and using this information, ultimately set the financial parameters on my kids' potential college list. I'm not complaining or criticizing; I'm just trying to understand the system and navigate it as best I can.[/quote]
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