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College and University Discussion
Reply to "HHI & Full Pay Threshold"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We’ve put some aside, but not nearly enough. Tuition alone at Mason is now over $50k I guess they assume we will use all our home equity to pay for college, huh? That is only recognized after we sell[/quote] I would never draw home equity, nor would I take out parent or private loans. Would consider student (stafford) loans. [/quote] I have checked EFC calculators at ivies recently and they inquire not only about equity in home but value of home and amount in retirement accounts. Does their EFC include you dipping into your home equity or retirement to pay for college?? [/quote] Some of the calculators say you can leave retirement assets blank - that they only ask to help you differentiate from non-retirement assets. It’s a bit unfair as not everyone has the same opportunities or knowledge to shelter their retirement assets.[/quote]
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