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Private & Independent Schools
Reply to "FA shouldn't go to people with 1 million dollar houses"
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[quote=Anonymous]I still disagree that the equity should be ignored for the financial aid purposes. Assuming the house is really worth $1 mln with the cost of $300K, I would say downsize and move to MD or VA (yes, many do commute a long way exactly for the purpose of keeping mortgage low). Financial aid is not faceless - it comes from contributions from real people, who overall are possibly in worse financial situation than the family with 700K equity in the house. [/quote]
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