OP, if you run the net price calculator and then chose to ignore it thinking that after an ED acceptance it will magically change, then I think you might find your family in the situation many see every year. The kid who loves the school, has an acceptance and the family who has no means to pay the bill or takes out exorbitant loans to please the kid, so the kid can go to their “dream school”. To me, that is like me looking at buying a lamborghini. It’s not in my budget so I don’t dream about it. I could run the payments but it’s still not going to work.
Call BU, get a straight answer about home equity than make ED decisions based on facts. That’s what I would do.
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