Yeah, we’re in that small business category. We own cheap rental properties, live off the rental income. Colleges look at us and think, “Oh, they can just mortgage or sell property to pay tuition.” What they don’t realize is that we then lose rental income, too, and won’t have enough to live on. The year after selling or mortgaging rental property, we’d be poor enough to qualify for substantial fin aid, but that probably won’t kick in until the last two years. It’s very much like asking a farmer to sell his land to pay for college.
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