How are "assets" weighted in financial aid?

applenana
Sun, 24 May 2015 01:27:16 +0000

Well, the money my parents saved up making 71k annually was invested in this apartment building, so that doesn’t mean we’re rich, but rather we’re smart with money. But like I’ve mentioned, since we bought this in 2012, we’ve had a negative income of 12k annually. It’s a very messy business, especially if the building is old.

@lisaol: May I ask if your properties are apartments and, if so, their market value? Apologies if this is too personal.

The calculator gave me an EFC of 20k, which is reasonable.