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Reply to ""Typical Assets" as considered by University Financial Aid departments"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Per Columbia’s website: “When determining the parent contribution, we take into consideration the parents’ assets which include cash, savings, checking, investments, home equity, other real estate (other than home) equity, and business equity. We do not include retirement assets (i.e., 401K, 403b, IRA, Keogh) in our analysis. For families with an income of $100,000, we would consider typical assets to be approximately $250,000.” So if you bought your house awhile ago, you’re potentially in trouble just with the equity, depending on how they calculate it. [/quote] I believe Princeton’s “typical asset” threshold is a lot lower than Columbia. I think around $125k or $150k. [/quote] Yes. But home equity for primary residence is excluded at Princeton. [/quote]
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