Is this correct? Financial aid questions.

ohio_mom
Fri, 25 Apr 2008 14:08:39 +0000

Good post, goaliedad.

One more thing. In PROFILE, you are asked to enter your mortgage amount - this is ‘protected’ income. As I discovered last year, you CAN include a first and second mortgage in this amount, but NOT a first mortgage and HEL or HELOC.

We are borrowing more than I would like, but are still on track to pay off the house (including the HELOC bits) before retirement, and are still contributing to 401k at the same rate.