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

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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]
We have very low income but 4M in assets (that we can't use for tuition, but it's in our name and we disclose it to the IRS).

I somehow doubt we'd still qualify, but does anyone know?

[/quote]

It depends on what the assets are and what you mean by "can't use".  For example, if it's 401K, it usually doesn't count.  [/quote]

It's a stock portfolio we manage for our family back in our home country. The name on the account is ours, but it's really family money. We can't take out a chunk and use it just for our kids. I realize nobody cares about the details, I just need to know what rules Brown lays out for assets like that.

[/quote]

$4M is a sh#t load more money than the vast majority of people have, even those who are supporting family members. They are going to count it. There might be adjustments to your EFC based on personal circumstances that you can describe qualitatively, but you still have access to a lot more money than others.[/quote]

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