@tdy123 the colleges don’t care when you make a home purchase…but for Profile Schools that use primary home equity, this $450,000 at least in equity is at least partially going to be assessed as part of the family contribution. There is no way around that this family has $450,000 in equity at least as that is what they put down on the house when they bought it.
You do bring up a good point. This is a very large down payment…more than 50%. The family knew that a kid was going to college. Wondering why some money wasn’t put aside for college costs.