Is this correct? Financial aid questions.

ohio_mom
Thu, 24 Apr 2008 21:32:35 +0000

“If you get a 2nd mortgage, your liabilities increase, but so do your assets, and the significant increase in cash or equivalent may have more impact than the increase in debt.”

This would only be true if the school doesn’t count equity in the primary residence - Princeton doesn’t (someone correct me if I’m wrong) but I think most other Profile schools do.