home equity and financial aid

Colleges & Universities Tulane University
1

<p>Does Tulane take home equity into consideration, and if so, is there a cap on home equity or value that is used?
Thanks.</p>

2

<p>Yes, they definitely do take that into account. I believe the cap is something like 5%? I am not sure about that number at all, though. You might find this link useful, although it only confirms they use home equity, not the percentage. <a href=“http://www.tulane.edu/~finaid/2010-2011%20Sourcebook%20FTUGNEW080410.pdf[/url]”>http://www.tulane.edu/~finaid/2010-2011%20Sourcebook%20FTUGNEW080410.pdf&lt;/a&gt;&lt;/p&gt;

3

<p>Based on my son’s financial aid package it appears as if 5% of our home equity is added to our federal EFC.</p>