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Home equity is looked at each year that you apply for aid. In general, 5.6% of home equity - after asset protection allowances and up to an approximate cap of 2X family income - is considered available in each year that you apply for aid. Over a four-year span, you could consider that to be 22.4% of home equity, but if you use some of the equity (in the form of home-equity loans, for example) the loans would would reduce the amount of equity being assessed in subsequent years, so it would actually be somewhat lower.
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