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Reply to "ok, don't crucify me.. question about financial aid. "
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[quote=Anonymous][quote=Anonymous]Is there something special about equity in a home versus other assets, or am I reading this wrong? Would it be different if the OP had that $700,000 in a different investment (stocks, savings account)? [/quote] Stocks and savings account would be worse for FA. They are totally liquid assets. You won't be getting financial aid if you have 700,000 sitting in the bank. Home is at least fixed assets. Most school will let you have some reasonable house equity. [/quote]
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