| We have the same problem. We live in California, my son was admitted to Penn and we did get some financial aid, but less than we thought we should.
We do not own a house in California, although we are considering purchasing one. For those of you in CA who do own homes, did the financial aid people consider the net equity in the home or merely looked at the total fair market value of the home in determining financial aid?
If all they are looking at is the value of the home, without considering the debt owed, we may delay purchasing a home in CA.
Also, when you say that your family has income of $130k - $140k is that gross income (total gross salary, interest income, etc.) or adjusted gross income (taking into account deductions)? |