Is this correct? Financial aid questions.

thumper1
Thu, 24 Apr 2008 18:25:35 +0000

I believe you are talking about schools that use the CSS Profile and the institutional methodology to compute financial aid awards. These schools require the FAFSA also.

First. I would suggest you post this question in the financial aid/scholarship section of this forum.

Home equity at most of these schools has a cap of some sort…varies from school to school.

Just my humble opinion here…I would never advise someone to take out an additional loan when they have college costs looming in the near distant future.

Re: assistance for your child…it depends on how this money is received and when. Many folks suggest that the grandparents (or whomever) save their money and pay off the college loans for the student.