2nd mortgage help with financial aid?

midwestdad22
Tue, 30 Apr 2024 13:46:46 +0000

We have one in college and received no financial aid. Getting ready to launch S25 in about a year and a half. I know that having 2 in college may help a little bit in getting a some financial aid, but I have another question. Our house will be paid off in 2.5 years. Would taking out a 2nd mortgage for needed home improvements improve our chances of getting more aid? Just wondering if a higher home debt and not having the house paid off while S25 is still in college would increase the possibility of universities throwing just a little $$$ our way. Thanks.