Fafsa Question Parent Net Worth

emeraldkity4
Fri, 01 Feb 2008 12:11:08 +0000

While PROFILE does allow you to state how much you paid for your home- etc, FAFSA mainly considers income- not expenses.

If my income is say $60,000 and my mortgage is $2,000 a month, I am not going to get any more aid than with the same income & a payment of half that.
A heads up- if the school uses PROFILE, and you have equity, it will often be assumed that equity can be accessed for tuition.