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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] Each school or college considers "lifestyle choices" differently. Home equity is a variable for schools and colleges. By variable I don't mean in a formula- it's subjective. The only way the 300,000 house now worth over 1m seems realistic is if it was owned prior to 1990. So whoever has owned property under this scenario was either fortunate enough to inherit money, used family given assets, was given the house, married older person who owned the house, or experienced early success. I assume there currently could be no mortgage. [/quote]
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