Property owned and FAFSA

Graduate School
1

<p>Considering buying a house for grad school. How does the FAFSA treat property owned vs cash on hand?</p>

2

<p>It doesn’t matter for graduate school. There is no “need-based” aid - no grants, no subsidized loans. You’ll be offered unsubsidized direct loans up to $20,500 per year and can take GradPLUS loans up to COA.</p>

3

<p>As far as I understand, your house that you live in doesn’t count against you on the FAFSA if you’re an independent student, which you will be.</p>

<p>But, as polarscribe already said, it doesn’t matter anyway. Need-based aid is virtually nonexistent on the graduate level, and the financial aid available to you is not based upon your income.</p>

4

<p>Thank you </p>