Grandparent lives in 2nd home

thumper1
Fri, 13 Nov 2020 19:56:23 +0000

Maybe I’m wrong…but even if your mom is a dependent, that second home is a second home. The equity will need to be reported on the fafsa. It most definitely will need to be reported on the Profile, as will the equity in your primary residence.

You mention that your income is higher. Really this all might have little effect on need based aid.

You need to figure out what you can afford to pay annually. That is what is important. Keep the expenses of running a second home in your mind as well.