CSS Profile and Divorced Parents with Unequal Assets

thumper1
Sun, 22 Nov 2020 14:10:34 +0000

For a Profile school…that requires the non-custodial parent info…it probably doesn’t matter which parent is the custodial parent.

The FAFSA does not ask for a speck of information about the equity in the primary residence. So this won’t matter at all for FAFSA purposes. The OP says the custodial parent has little income. So…the outcome of the FAFSA sounds like it might be similar with either parent.

And the kid doesn’t want to change schools most likely. Mom doesn’t live in the same school district as dad.

BUT for Profile Schools…everything is on the table financially. Both parents (unless it’s a school that doesn’t require non-custodial parent info).

What colleges? Because some don’t use home equity at all in their institutional need based calculations. Some use a small amount.

And if the school doesn’t guarantee to meet full need for all, this home equity issue might be a teeny issue as your full need probably won’t be met anyway.

I should add…$80,000 in home equity is not all that huge amount.