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

i assume you are white and wealthy/umc professional. A significant amount of people inherit homes form their parents and keep them, live in them and these properties have appreciated insanely, ,my mother's house that i inherited this summer appreciated almost a million from when she bought it in the 70s, i could very well have moved in but its in the suburbs and i don't like that area of potomac.  our next door neighbors have inherited their parents house which has also appreciated quite bit and they are moving in b/c  its a great property with a lot of close by amenities, they wouldn't be able to afford that home on their own.  Forcing black homeowners to sell their inherited property in DC to white owners by punishing them for owning something valuable that they inherited is ALL kinds of screwed up.  Its amusing to me how suddenly there is a move towards discounting any sorts of minor wealth accumulation when BIPOC have finally begun accruing some wealth.  [/quote]

Yep if PP's idea were enforced that would include our family. We are Black and my kid got into Brown. I feel fortunate that we kept our family home. My father was a government employee and was discriminated against by the banks in the 70s and almost couldn't get the home and had to borrow from family to fill the gap. We kept it and now its worth over a million - and thassit for us in terms of inherited wealth. My kid chose another Ivy though. Also want to point out that Princeton has not considered home equity for years.[/quote]

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