LOW Income, HIGH Assets FAFSA & CSS HELP

lz57c4
Wed, 12 Oct 2016 21:13:29 +0000

Here’s a link to good article talking about impact of home equity on net price of schools:
http://www.thecollegesolution.com/will-your-home-equity-hurt-financial-aid-chances-a-case-study/

The lesson here is that there ARE schools that will meet your need and calculate that need in a way that makes sense for your family. You just have to do the legwork and run the NPCs for the schools you are considering.

If that link gets blocked, here’s the pertinent piece of the article (pell grant eligible with EFC=0, home equity ~800k; sampling of about 20 east coast schools):

Lowest Cost Schools

Dickinson College ($0)
Franklin & Marshall College ($0)
Lehigh University ($0)
Rutgers University ($0)
University of Pennsylvania ($70)
Georgetown University ($198)
Haverford College ($2,087)
Colgate University ($2,026)
Bucknell University ($2,500)
Columbia University ($2,500)
Princeton University ($2,620)
Dartmouth College ($3,218)
Yale University ($4,600)
University of New Hampshire ($5,050)
Skidmore College ($8,922)

Most Expensive Schools

Boston College ($48,128)
Loyola University Maryland ($40,530)
Swarthmore College ($39,980)
University of Rochester ($38,500)
Northeastern University ($35,962)
Lafayette College ($35,320)
Villanova University ($39,000)
Penn State University ($33,134)
University of Michigan ($23,000)