Reply to Top Colleges Are Cheaper Than You Think (Unless You’re Rich)

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Aren’t some if not all Ivies no-loan?[/quote]

Not if you are "affluent."  [/quote]

[b]"Why" do "you" put "affluent" in "quotes"[/b]?[/quote]

Different poster from the pp who wrote that, but let's just say their definition of "affluent" is much different than my definition of affluent.  For example, some schools include your home equity in the calculation, which you can't tap except by borrowing against it. Isn't that the same as taking out a loan? [/quote]

I know that many feel homes should be treated differently than other assets, and I believe at most schools they do not:

http://www.thecollegesolution.com/will-your-home-equity-hurt-financial-aid-chances/

key part:

[quote]Luckily, at most state and private colleges and universities, the equity in your primary home is a non-issue.

That’s because most schools only require families to complete the FAFSA (Free Application for Federal Student Aid) when applying for financial aid, which doesn’t even ask about your home equity.

There are just over 200 schools, however, that are quite interested in the value of your house and how these institutions treat home equity varies dramatically.

The schools in this category (nearly all private) include the nation’s most prestigious institutions. [/quote]
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