Reply to Brown eliminates tuition for families up to $125K and removes home equity in the FA equation

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Home equity should be included over $400-500k.   If a family has a million dollar house it should be included.  [/quote]

I disagree - no one should have to sell their house or take out a second mortgage (and risk losing their home) to pay for a child's college.  Further, just because a house is owned and paid for doesn't mean that the persons living in the house haven't fallen on harder times and/or make less than they did when they bought the house - AND with home prices and "equity" increasing because of the housing shortage - it's really speculative whether that equity will materialize should the house be sold one day - and then what do you do with a second mortgage that can't be paid off by the sale of the house?

Good for Brown - my kid has no interest and/or couldn't get in - but it's a good first step.    I personally wish that the Ivies would increase enrollment by 25-50% for those who wish to go to an Ivy - they know that there are enough smart/interesting kids to fill the seats - and they have the endowments to expand.  They are just creating artificial scarcity for the sake of exclusivity.  [/quote]

If you make a choice to spend one mil,ion on a house vs 600k then yes.   A reasonably priced house, no.  But when you overspend and choose not to save you should not be rewarded vs another family who saved with the same income.  [/quote]

Agreed...no one should be able to like in a mansion and collect financial aid!  In terms of increasing enrollment, it is hard in terms of space on campus.  There has to be more housing/dining halls/study spaces/class rooms/offices/parking.  How many schools even have enough space to increase 50%?[/quote]

Hilarious that you think million dollar home in this area is a mansion.[/quote]

Life is about choices.  There are homes in the area for $350-600K.  You choose a million dollar house, then that is ok but don't expect others to fund your child's college.[/quote]

conversely, if a university wants to fund it, maybe you should keep your mouth shut.  It's Brown's money and they can spend it how they want.[/quote]

[b]I have family who donates to Brown[/b].  So, no, it isn't exactly their money.[/quote]

Please.

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