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College and University Discussion
Reply to "Financial aid if you own a house but don’t live in it"
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[quote=Anonymous][quote=Anonymous]I dont get shielding primary home. This idea - "we dont expect you to sell your home" is so weird. They do expect you to sell your stocks. It pretends like there aren't completely normal financial tools to take some money out of your equity. If you had a huge run up in your equity, any equity, take some off the table and pay your bill. If you've decided to hide all your millions into a 10 million dollar house because some schools ignore that or cap it at some multiple of income, gross. Let's fix that loophole. Either way, it's weird. Buying an investment property is something middle class families have done for generations - it far predates mutual funds even. [/quote] Most Americans do not own two homes. Buying an investment property is not something "middle class" families regularly do, unless you have the DCUM definition of middle class being anyone with an income under 400K/year.[/quote]
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