does QB look at 401k; home value question ?

<li>in determining eligiblity? I know fafsa does not, but I think css profile does, and it seems that most if not all partner schools use css in FA.</li>

<p>also, if you have a home:</p>

<p>1) does this nix the QB app outright?</p>

<p>2) how does one accurately report its value in today's crazy mktplace?</p>

<p>3) does qb look at net worth after the mortg is factored in or the gross mkt value?</p>

<p>1) God no. There are a lot more factors than simply owning a home to consider.</p>

<p>2) You give them the value that you base your tax payment off of, as that's the only value that's objective. If the house was assessed at say 300k and it's now worth 150k, have it reassessed.</p>

<p>3) They look at how much the mortgage is, as do CSS and FAFSA.</p>

<p>i've has my house reassessed and crook county , illinois, is not sensitive to the current mkt conditions. or i've got a lousy or an absent lawyer working on my behalf (the latter).</p>