<p>My family makes very little money (less than $30,000 and we have 4 people), but we own a $750,000 house with no mortgage (the house was bought in the mid 1960s).</p>
<p>How much will house-value affect financial aid at schools like MIT, Stanford, Princeton, and Yale?</p>
<p>It varies by school. They have their own policies. Yale says it caps home equity to a percentage of income, so there at least the home equity shouldn’t come back to bite you too badly.</p>
<p>I’m not sure about the other schools you listed.</p>
<p>Here’s some info on schools that agree to cap home equity. I read that Columbia also recently adopted a similar policy.</p>
<p>[News:</a> New Help for the Middle Class - Inside Higher Ed](<a href=“http://www.insidehighered.com/news/2007/02/22/aid]News:”>http://www.insidehighered.com/news/2007/02/22/aid)</p>