How in the world do people pay 55k/year?

<p>3 houses in the Bay Area with one being close to being paid off? As the average house price is over $500K, one investment property of that value would keep you from getting $40K from any school on a need based basis. Do they also get income from these properties?</p>

<p>Most top schools will cap how much they will expect you to contribute from the house you live in as a percentage of income, so I suppose if you live in the nearly paid off house and have little equity in the other two there’s a chance for big aid, but it sounds unlikely.</p>

<p>He’s talking about Profile school folks, with those assets FAFSA will just offer him an unsub loan and he’s asked us to exclude those…</p>