Joint Property Value on FAFSa

Yes, you are right, it makes us better off. We could sell to the other heirs, but they can set that price or not let us. We are not in control of that. Secondly, no I don’t think we can borrow against a property that is not 100% ours. If we default and lose the property that would not be right if the other owners did not sign off on the loan. People with retirement accounts can also loan against them or certain life insurance policies, but that is not counted. I think that is great, but it is more liquid than what we have. Half of our taxable income is what FAFSA feels we can use for college. That may be tough. I paid my own way through, and our other 3 kids have. Hopefully he can at least get access to aid that he can pay back if needed.