Non-custodial parent & Equity?

Globular
Thu, 29 Dec 2011 18:54:49 +0000

Well, legally I’ll be getting 9 thousand a year in child support which he is required to pay me all 4 years of college due to my parent’s divorce decree. So that will cover a lot. Depending on the college, I’ll either be paying 5-24k a year in loans total, with 9 thousand coming from the child support. If the college doesn’t look at home equity or only looks at it up to 2x my parents income, (of which I’m applying to colby, wesleyan, vassar, brown, and haverford) I should be able to cover everything with just the child support.

But some of my schools will look at the full equity, and I guess I just can’t go to them if I get accepted. Shame that I already applied to them!

I think I have it covered, if not I’ll take out federal loans first, as many of my schools are loan free for people as poor as me. If not, I don’t know who will cosign them. I just hope to get into one of those 5 schools!