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College and University Discussion
Reply to "What does "we meet 100% of demonstrated need" really look like in numbers? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If your HHI is $200k and you have $500k+ home equity you should be full pay.[/quote] What should home equity have to do with it? Are you expected to borrow against your home? [/quote] Yes. As a PP said, you choose a home that may have greater value. That said, many colleges realize that cost of living is higher in some areas, making home values higher. Some cap the amount that is figured, and some don't include the value of the primary residence. Some will count the entire amount though. And, all count the value of a second property. [/quote]
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