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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.

[b]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.[/b] 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]

It's a "loophole" that doesn't need to be fixed because it doesn't happen. No one is going to put $10 million cash into a house and live on poverty level income so they can get financial aid for their kid (not to mention that most of your income would go for the upkeep of your $10 million house). If you have $10 million, you pay tuition. The real issue here is people who have modest incomes and own a home that has greatly appreciated in value. *Some* colleges (not all) have made a policy decision that they are not going to encourage people to sell or borrow against their home to pay college expenses. You may not agree with that, but it's not hard to understand why they made that decision. It's also pretty clear why income producing property wouldn't be excepted. If you start making exceptions for homes that are not residences, where does that stop?

Several people have given OP the advice to call the university and explain the situation and see what they say, which is really the only thing to do. [/quote]

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