Reply to FA shouldn't go to people with 1 million dollar houses

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Reply to "FA shouldn't go to people with 1 million dollar houses"

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[quote=Anonymous]How do you know they have substantial equity?  they might not have had an iffy mortgage but may have already used the equity (if they have any) to pay for something else.  You are jumping to SO many conclusions.  Anyone on FA has to fill out many forms and it includes info on the market value, what they purchased the house for (which is public record), their mortgage payments etc.  They also have to turn in their tax forms which substantiate much of their inputs.  If the school sees their total financial picture and awards them aid, why the assumption that they are committing some kind of financial shenanigans?  Maybe they are getting only several thousand dollars in aid, which is just what they need to keep their kids there.  Maybe one of the parents is unemployed but has not revealed that (often people are ashamed to admit that).  Maybe there is something more going on.  Whatever it is, you have no right to accuse them or judge them.  If you think FA is going to the wrong people then get involved on the Board of your school and help with outreach.  Don't just sit back and judge others when you have no way of having their complete info.[/quote]

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