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[quote=Anonymous][quote=Anonymous][quote=Anonymous]You don't need to use home equity to go to private. Up to around 600k you are safe as everybody needs a place to live. 
If you lreside in a million dollar home, then yes you might have to dip in. retirement accounts are also protected. We are at private and get FA. What grade are you talking? Elementary school or older? Schools give more aid the older and more academically proven prospective students are. good luck! [/quote]

Is this accurate because I was told by one of the schools that this was considered a way to fund education. I really don't want to use it! Our house is worth half that.[/quote]

Yes, it is true. Your school of choice might not have a larege enough endowment. Generally speaking, the wealthier schools can give more. You might want to put your numbers in the online financial aid calculator that most schools use. It will tell you your expected family contribution based on your income and assets. Most schools will give aid close to that number. It costs $40 http://sssbynais.org 
Average award at sidwell is close to $26000 and 23% of students receive it. http://www.sidwell.edu/admissions/financial-aid/index.aspx
If you are a minority there is also the latino fund, black student fund or dc opportunity scholarship. [/quote]

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