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<p>Oh yes…and these schools also use the Profile which factors in home equity. Your assets are considered by all schools. And YES, they expect you to use those assets and equity to help finance college expenses. It’s a choice either to do so or not. </p>
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<p>No. You cannot choose the type of finaid you are given by the college. In other words, you can’t say “I only want work study or grants.”. BUT once you are awarded your financial aid, you have the option of accepting or rejecting any portion of it. For example, you could choose not to take the loan portion. BUT the school would not make up that loan difference with the “kind of aid you want”.</p>