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Private & Independent Schools
Reply to "ok, don't crucify me.. question about financial aid. "
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[quote=Anonymous][quote=Anonymous]OP here. [b]The home equity thing is frustrating. [/b] Obviously, it's part of our financial picture and at some point in our lives it may turn into cash (not a guarantee but it MAY). So I get that it's considered an asset. But it's not a secure asset. It's not cash now. It MAY turn into cash some day. And would anyone in their right mind actually USE home equity (and pay interest on it) to pay for private school? Baring some sort of real extenuating circumstance (kid is floundering and NEEDS to attend private in which case I understand it), it seems like an incredibly foolish thing to do. [/quote] Gee - if I had 700 k in home equity I would not be frustrated.[/quote]
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