New Financial Aid really as good as Princeton's?

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<p><a href=“http://www.princeton.edu/pr/news/01/q1/0127-aid.htm[/url]”>http://www.princeton.edu/pr/news/01/q1/0127-aid.htm&lt;/a&gt;&lt;/p&gt;

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Renters will receive an allowance against their savings equal to the value of the average family home, about $140,000 in the 2001-02 academic year. This change was made to equalize the treatment of renters in the aid formula, since home equity is no longer considered part of family assets. (The elimination of home equity was among earlier financial aid improvements.)

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<p>Princeton has not counted home equity for a few years now. This helps those who have seen their homes appreciate but whose incomes have not. Some parents have downsized or have relocated to fund their kid’s education. Others have taken out loans that they can barely meet the payments on.
Did Yale enact this policy as well?</p>

[thesmartazz]

<p>Yale’s new financial aid policies did not include any exemptions on home equity, as far as I’m aware. The major change was the elimination of family contributions for those families making less than $45,000, and a large decrease in family contribution for those families making $45,000 to $60,000. Right now, some Yale students are working to get the university to decrease the required student contribution each semester as well.</p>

<p>On a side note, the Bush administration trying to eliminate federal Perkins loans to college students. For the many people who need to take out loans for college and are interested in preserving the Perkins program, please visit:
<a href=“http://www.coheao.org/legis/instructions.asp[/url]”>http://www.coheao.org/legis/instructions.asp&lt;/a&gt; .</p>