Applying ED Wharton a good idea?

closeyboy39
Fri, 26 Dec 2008 09:43:22 +0000

My family just finished paying the mortgage on our house, and I received less financial aid than I had expected/hoped for. However, I still received roughly $19,000 (income bracket around $120,000), and they informed my dad when he called that it is not worth taking out another mortgage to receive more aid. They basically take what your monthly payment would have been on the mortgage and expect you to pay that for Penn, so it’s kind of a crapshoot. Good luck!